Marsh & McLennan Companies (MMC) : Traders are bullish on Marsh & McLennan Companies (MMC) as it has outperformed the S&P 500 by a wide margin of 2.64% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.14%, 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 1.65% in the last 1 week, and is up 2.51% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 1.5% and the 50-Day Moving Average is 2.26%.The 200 Day SMA reached 12.83%. Marsh & McLennan Companies, Inc. is up 3.54% in the last 3-month period. Year-to-Date the stock performance stands at 25.19%.
Marsh & McLennan Companies (NYSE:MMC): After opening at $68.06, the stock dipped to an intraday low of $67.815 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $68.32 and the buying power remained strong till the end. The stock closed at $68.3 for the day, a gain of 0.75% for the day session. The total traded volume was 973,109. The stocks close on the previous trading day was $67.79.
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.