Marsh & McLennan Companies (MMC) has been under a strong bear grip, hence the stock is down -3.21% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.91% in the past 1 week. The stock has risen by 1.34% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.8% in the past 4 weeks.
Marsh & McLennan Companies (NYSE:MMC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $66.80 and $66.49 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $66.84. The buying momentum continued till the end and the stock did not give up its gains. It closed at $66.63, notching a gain of 0.50% for the day. The total traded volume was 1,816,822 . The stock had closed at $66.30 on the previous day.
The stock has recorded a 20-day Moving Average of 0.2% and the 50-Day Moving Average is 0.64%. Marsh & McLennan Companies, Inc. is up 5.93% in the last 3-month period. Year-to-Date the stock performance stands at 22.13%.
Marsh & McLennan Companies (MMC) : The highest short term price target forecast on Marsh & McLennan Companies (MMC) is $74 and the lowest target price is $61. A total of 9 equity analysts are currently covering the company. The average price of all the analysts is $67.56 with a standard deviation of $4.07.
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.