Nucor earnings beat by $0.08, revenue fell short of estimates
On April 15, Robert Fauber, President and CEO of Moody’s Corporation (NYSE:MCO), executed a series of stock transactions, according to a recent SEC filing. The most notable transaction involved the sale of 415 shares of Moody’s common stock at a price of $437.80 per share, amounting to a total of $181,687.
In addition to the sale, Fauber exercised stock options to acquire a total of 281 shares of common stock. These acquisitions were made at prices ranging from $80.81 to $113.34 per share, with the total value of these transactions reaching $27,459.
These transactions were conducted under a Rule 10b5-1 trading plan, which Fauber adopted on July 30, 2024. Following these transactions, Fauber’s direct ownership in Moody’s stands at approximately 62,689.984 shares.
In other recent news, Moody’s Corporation has seen a series of developments impacting its market outlook. Analysts at Raymond (NSE:RYMD) James have reiterated an Underperform rating for Moody’s, citing concerns about the company’s growth prospects due to challenging credit market conditions. The firm projects Moody’s revenue and earnings per share for the current year to be below consensus estimates. Meanwhile, BofA Securities has reinstated coverage on Moody’s with a Buy rating and a price target of $530, expressing optimism about the company’s competitive advantages and growth potential. BMO Capital Markets maintained a Market Perform rating, keeping its price target at $531, while highlighting Moody’s strategic initiatives in sustaining growth. Additionally, Mizuho (NYSE:MFG) initiated coverage with a Neutral rating and a $504 price target, emphasizing Moody’s strong competitive moat and anticipated profitability from recent technology investments. In corporate governance news, Moody’s shareholders elected nine directors and approved KPMG LLP as the independent auditor for 2025. These developments provide investors with a comprehensive view of Moody’s current strategic positioning and market expectations.
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