Moody's Corp stock slips 1.26% but outperforms competitors
Updated
Updated · MarketWatch · May 8
Moody's Corp stock slips 1.26% but outperforms competitors
8 articles · Updated · MarketWatch · May 8
The shares closed at $451.32 as the S&P 500 rose 0.84% to 7,398.93 and the Dow Jones Industrial Average added 0.02% to 49,609.16.
Moody's fell less than S&P Global's 2.00% drop and MSCI's 0.50% decline, while Equifax edged up 0.12% to $175.83.
The stock remains 17.47% below its 52-week high of $546.88 reached on 15 January, and trading volume of 748,097 was well below its 50-day average of 1.2 million.
Why is Moody's stock falling despite its record earnings and upgraded forecast?
With a rosy company outlook, why did Moody's CEO recently sell off his shares?
Can Moody's big bet on AI technology offset the looming risk of a recession?