Raleigh Capital Management Inc. recently acquired an additional 28 shares of Moody's Corporation (MCO), while Quintet Private Bank Europe S.A sold off 11240 of its shares. MCO's financial performance has been commendable, with its Q2 earnings and revenues exceeding expectations, subsequently warranting an improved outlook for 2023. For investors who chose to invest in MCO five years ago, they now find themselves with an impressive 116% return. Q1 2024 earnings revealed strong growth in key segments and consistent revenue expansion, pointing towards possible future integration with AI technology. Several larger acquisitions of MCO shares have also taken place - Congress Asset Management Co. MA and BRX Global LP purchased 3489 and 11809 shares respectively. MCO has also established partnerships with New York's major sports giants, the Giants and Jets. The insider sell from MCO's President and CEO Robert Fauber raised few eyebrows, even as the company continued to perform well in revenue and earnings estimates. However, there were a few instances of insider stock selling that could suggest possible bearish signals. The appointment of Atsi Sheth as the new Chief Credit Officer and partnering with Google Cloud on AI applications are significant moves. Still, the vision of the organization to achieve more sustainability and grow cyclically remains intact.
Moody's Corporation MCO News Analytics from Thu, 29 Jun 2023 07:00:00 GMT to Sun, 16 Jun 2024 19:27:32 GMT -
Rating 7
- Innovation 4
- Information 9
- Rumor -3
