Moodys Corporation (MCO) : On Wednesday, The money flowed into the Moodys Corporation (MCO) stock with an uptick to downtick ratio was recorded at 1.75. Transactions worth $3.9 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $2.23 million. The total money flow into the stock was $1.68 million. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $1.14 million of block transactions on upticks. The total money flow in block trades was $1.14 million. In terms of price action, Moodys Corporation (MCO) traded down $0.18 during the session at $103.41. Compared to the previous days closing, the stock was down only by -0.17%. For the week, the stock is 0.07%, over previous weeks closing.
Also, Credit Suisse initiates coverage on Moodys Corporation (NYSE:MCO). The shares have now been rated Neutral by the stock experts at the ratings house. Credit Suisse announces the current price target of $99 per share on Moodys Corporation. The rating by the firm was issued on July 11, 2016.
Moodys Corporation (NYSE:MCO): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $104.00 and $103.12 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $104.44. The buying momentum continued till the end and the stock did not give up its gains. It closed at $104.23, notching a gain of 0.62% for the day. The total traded volume was 772,252 . The stock had closed at $103.59 on the previous day.
The stock has recorded a 20-day Moving Average of 7.53% and the 50-Day Moving Average is 7.42%. In a related news, The Securities and Exchange Commission has divulged that Duffie Darrell, Director of MOODYS CORP /DE/, had unloaded 500 shares at an average price of $91.94 in a transaction dated on June 30, 2016. The total value of the transaction was worth $45,970.
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.