MCO is trading at $431.94 (-3.9%) in pre-market following a price target cut from Goldman Sachs and recent insider selling activity.
- Goldman Sachs lowered its price target for the credit rating firm to $532 from $603 on February 9, weighing on investor sentiment.
- The stock is moving against a slightly positive broader market trend, likely pressured by CEO Robert Fauber selling 575 shares on February 3 and a recent fund reduction.
- There are no major company-specific earnings or announcements today to offset the drop from yesterday's closing price of $449.47.