Moodys Corporation (MCO) : Traders are bullish on Moodys Corporation (MCO) as it has outperformed the S&P 500 by a margin of 5.3% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.26%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.89% in the last 1 week, and is up 12.42% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Moodys Corporation (NYSE:MCO): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $103.97 and $101.71 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $105.50. The buying momentum continued till the end and the stock did not give up its gains. It closed at $105.29, notching a gain of 0.94% for the day. The total traded volume was 1,343,208 . The stock had closed at $104.31 on the previous day.
The stock has recorded a 20-day Moving Average of 7.97% and the 50-Day Moving Average is 8.1%. Moodys Corporation is up 7.01% in the last 3-month period. Year-to-Date the stock performance stands at 5.82%.
Moodys Corporation (Moodys) is a provider of credit ratings; credit, capital markets and economic related research, data and analytical tools; software solutions and related risk management services; quantitative credit risk measures, financial services training and certification services, and outsourced research and analytical services to financial institution customers. The Company operates in two segments: Moodys Investors Service (MIS) and Moodys Analytics (MA). The Companys MIS segment publishes credit ratings on a range of debt obligations and the entities that issue such obligations in markets across the world, including various corporate and Governmental obligations, structured finance securities and commercial paper programs. The Companys MA segment develops a range of products and services that support financial analysis and risk management activities of institutional participants in financial markets.