Envestnet Portfolio Solutions Inc. has acquired additional shares of
Moody's Co. (NYSE:MCO), further consolidating its stake in the company.
Moody's has established a strategic partnership with
MSCI to provide heightened transparency and data-driven risk solutions. The Market has responded favorably to
Moody's latest earnings release, with the stock making a new 12-month high of
$441.99. The credit rating company has also expanded its footprint in Africa after fully acquiring
GCR Ratings. However, some insiders have sold a total of
$2.7m in stock.
Moody's continues to exceed earnings forecasts, with the Q1 2024 earnings surpassing revenue expectations. More partnerships have been formed, including Moody’s as the new cornerstone partner of
MetLife Stadium. Nomura Holdings Inc. and Norden Group LLC have both purchased new positions in
Moody's. However, Moody's Q4 earnings missed estimates which led to a dip in their stock's performance.
Moody's Corporation MCO News Analytics from Tue, 12 Sep 2023 07:00:00 GMT to Sun, 14 Jul 2024 19:01:18 GMT -
Rating 7
- Innovation 5
- Information 6
- Rumor -2
