News Recap: Morningstar (NASDAQ:MORN)

Morningstar (NASDAQ:MORN) stock observed trading -7.40% off 52-week high price. On the other end, the stock has been noted 52.30% away from low price over the last 52-weeks. The stock disclosed a move of -1.63% away from 50 day moving average and 2.67% away from 200 day moving average. Moving closer, we can see that shares have been trading 0.05% off 20-day moving average. It has market cap of $6.47B and dividend yield of 0.79%.

On Jan. 7, 2020, Morningstar (NASDAQ:MORN) reported it has appointed Ron Bundy to lead the evolution and growth of its global Morningstar Indexes business. Bundy joined the firm in December as managing director, Morningstar Indexes.

We are fortunate Morningstar Indexes has grown to a position where we can attract such accomplished leadership, said Kunal Kapoor, chief executive officer, Morningstar. Ron brings more than 20 years of experience in growing and scaling a global index business, and we could not be more confident in our opportunity ahead to deliver greater value to investors than they have received from entrenched, high-fee providers.

The introduction of such industry veteran leadership reflects Morningstar’s confidence and continued investment in a fast-growing indexes business that continues to elicit global demand amid the trend toward low-cost investing and has disrupted fee-intensive benchmarking with its Open Indexes Project.

With Morningstar’s investor-first ethos, there is no company in a better position to lead the way in an indexing industry that remains ripe for investor empowerment, disruption and growth, Bundy said. By building on the success of Morningstar’s indexes business and leaning into the firm’s differentiated capabilities across asset classes, sustainability and private equity, we will continue growing value for asset managers, wealth managers, advisors, and ultimately, the end investor.

The USA based company Morningstar moved with change of -1.15% to $151.8 with the total traded volume of 48611 shares in Tuesday session versus to an average volume of 87.49K. The stock was observed in the 5 days activity at 0.90%. The one month performance of stock was -1.42%. MORN’s shares are at 4.01% for the quarter and driving a 40.86% return over the course of the past year and is now at 0.32% since this point in 2018.  Right now the stock beta is 0.79. The average volatility for the week and month was at 1.64% and 1.52% respectively. There are 42.63M shares outstanding and 21.06M shares are floated in market.

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