Marsh & McLennan Companies (MMC): The stock had negative money flow to the tune of ($5.1 million) on Thursday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $34.07 million, whereas, the outflow of money on downticks was $39.16 million and the ratio between the two was 0.87. The block trade had a negative net money flow of ($2.57 million). The total block trade value undertaken on upticks was $3.49 million. On the other hand, downticks amounted to $6.06 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.58. Marsh & McLennan Companies (MMC) closed with marginal gains of 2 cents to end the day at $66.79, an increase of 0.03% over the previous days close. The stock recorded -1.94% for the week.
Marsh & McLennan Companies (MMC) : The highest level Marsh & McLennan Companies (MMC) is projected to reach is $71 for the short term and the lowest estimate is at $61. The consolidated price target from 9 rating analysts who initiate coverage on the stock is $65.11 and the possibility the share price can swing is $2.85. The stock has recorded a 20-day Moving Average of 0.57% and the 50-Day Moving Average is 2.37%.
Marsh & McLennan Companies (NYSE:MMC): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $67.05 and $66.57 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $67.56. The buying momentum continued till the end and the stock did not give up its gains. It closed at $66.80, notching a gain of 0.04% for the day. The total traded volume was 3,740,473 . The stock had closed at $66.77 on the previous day.
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.