MCO Stock Summary and Trading Ideas (Moody's | NYSE:MCO)

Moody's Corporation along with S&P Ratings, is a provider of credit ratings on fixed-income securities. The ratings segment, Moody's Investors Service, includes corporates, structured finance, financial institutions, and public finance ratings. MIS represents a majority of the firm's profit and about half the firm's revenue. The other segment, Moody's Analytics, consists of decision solutions, research and insights, and data and information.

Moody's trades on the NYSE stock market under the symbol MCO.

As of April 19, 2024, MCO stock price climbed to $374.67 with 698,529 million shares trading.

MCO has a beta of 1.39, meaning it tends to be more sensitive to market movements. MCO has a correlation of 0.62 to the broad based SPY ETF.

MCO has a market cap of $68.56 billion. This is considered a Large Cap stock.

Last quarter Moody's reported $1 billion in Revenue and $2.19 earnings per share. This met revenue expectation and missed earnings estimates by -$.13.

In the last 3 years, MCO stock traded as high as $407.94 and as low as $230.16.

The top ETF exchange traded funds that MCO belongs to (by Net Assets): VTI, VOO, SPY, IVV, VUG.

MCO has outperformed the market in the last year with a return of +24.6%, while the SPY ETF gained +21.2%. However, in the most recent history, MCO shares have underperformed the stock market with its stock returning -2.9% in the last 3 month period and -4.5% for the last 2 week period, while SPY has returned +3.0% and -4.5%, respectively.

MCO support price is $369.10 and resistance is $380.10 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MCO stock will trade within this expected range on the day.