Marsh & McLennan Companies (MMC) Shares Slide -1.1%

Marsh & McLennan Companies (MMC) : During the past 4 weeks, traders have been relatively bearish on Marsh & McLennan Companies (MMC), hence the stock is down -6.6% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.03% relative to the S&P 500. The 4-week change in the price of the stock is -3.47% and the stock has fallen -1.1% in the past 1 week.

The stock has recorded a 20-day Moving Average of 1.6% and the 50-Day Moving Average is 0.42%. Marsh & McLennan Companies, Inc. is up 4.65% in the last 3-month period. Year-to-Date the stock performance stands at 20.52%.


Marsh & McLennan Companies (NYSE:MMC): On Fridays trading session , Opening price of the stock was $66.32 with an intraday high of $66.48. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $65.68. However, the stock managed to close at $65.75, a loss of 1.20% for the day. On the previous day, the stock had closed at $66.55. The total traded volume of the day was 2,802,545 shares.

Also, Equity Analysts at the Deutsche Bank maintains the rating on Marsh & McLennan Companies (NYSE:MMC). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency raises the price target from $67 per share to $71 per share. The rating by the firm was issued on July 29, 2016.

Marsh and McLennan Companies, Inc. is a professional services firm. The Company operates as two business segments: Risk and Insurance Services, and Consulting. The Risk and Insurance Services segment provides risk management activities and insurance broking, reinsurance broking and insurance program management services for businesses, public entities, insurance companies, associations, professional services organizations and private clients. The Company conducts business in this segment through Marsh and Guy Carpenter. The Company conducts business in its Consulting segment through two main business groups: Mercer, provides consulting expertise, advice, services and solutions in the areas of health, retirement, talent and investments, and Oliver Wyman Group, provides specialized management and economic and brand consulting services.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.