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Today it was reported that the President of Moody’s Corp (MCO), Mark Almeida, exercised options to sell 27,236 MCO shares at $26.78 a share, for a total transaction value of $5.64M.
Following Mark Almeida’s last MCO Sell transaction on August 11, 2016, the stock climbed by 105.7%.
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Based on Moody’s Corp’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $1.21 billion and quarterly net profit of $310 million. In comparison, last year the company earned revenue of $1.18 billion and had a net profit of $376 million. The company has a one-year high of $220.68 and a one-year low of $129.26. Currently, Moody’s Corp has an average volume of 896.68K.
One of the top 25 analysts, according to TipRanks.com, recently recommended Hold MCO with a $217 price target.
The insider sentiment on Moody’s Corp has been negative according to 67 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Mark Almeida’s trades have generated a -24.6% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Moody’s Corp. engages in the provision of credit ratings, research, tools and analysis to the global capital markets. It operates through the Moody’s Investors Service (MIS) and Moody’s Analytics (MA) business segments.
