Becton Dickinson and Company [BDX] EVP & President, Life Sciences makes an insider sale of 475 shares worth 125,875.

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Becton Dickinson and Company shares valued at $125,875 were sold by Hickey David on Aug 15. At $265.00 per share, Hickey David sold 475 shares. The insider’s holdings dropped to 3,331 shares worth approximately $0.79 million following the completion of this transaction.

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Also, Polen Thomas E Jr sold 9,500 shares, netting a total of over 2,518,735 in proceeds. Following the sale of shares at $265.13 each, the insider now holds 28,878 shares.

Before that, Polen Thomas E Jr had sold 1,652 shares from its account. In a trade valued at $429,520, the Executive Vice President traded Becton Dickinson and Company shares for $260.00 each. Upon closing the transaction, the insider’s holdings decreased to 1,652 shares, worth approximately $6.87 million.

As published in a research note from Citigroup on July 11, 2022, Becton Dickinson and Company [BDX] has been rated down from a Neutral to a Sell and the price target has been revised to $235 from $265. This represents a -1.28% premium over Wednesday’s closing price. Analysts at Wells Fargo upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in late June.

Analyzing BDX’s Price Performance

On Wednesday, Becton Dickinson and Company [NYSE: BDX] plunged -2.50% to $238.01. The stock’s lowest price that day was $237.84, but it reached a high of $246.18 in the same session. During the last five days, there has been a drop of approximately -8.09%. Over the course of the year, Becton Dickinson and Company shares have dropped approximately -2.92%. Shares of the company reached a 52-week high of $280.62 on 02/09/22 and a 52-week low of $231.46 on 06/16/22. A 50-day SMA is recorded $251.96, while a 200-day SMA reached $255.90. Nevertheless, trading volume fell to 1.07 million shares from 1.43 million shares the previous day.

Support And Resistance Levels for Becton Dickinson and Company (BDX)

According to the 24-hour chart, there is a support level at 235.17, which, if violated, would cause prices to drop to 232.34. In the upper region, resistance lies at 243.51. The next price resistance is at 249.02. RSI (Relative Strength Index) is 30.74 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -10.31, which suggests the price will decrease in the coming days. Percent R is at 99.40%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Becton Dickinson and Company subject to short interest?

Stocks of Becton Dickinson and Company saw a sharp steep in short interest on Jul 14, 2022 dropping by -1.03 million shares to 3.5 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 4.53 million shares. A decline of -29.43% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.31 of the overall float, the days-to-cover ratio (short ratio) decline to 3.31.

Which companies own the most shares of Becton Dickinson and Company (BDX)?

According to T. Rowe Price Associates, Inc. filings, the company currently owns 26,814,411 shares, which is about 9.40% of the total BDX shares outstanding. The investor’s shares have appreciated by 1,663,676 from its previous 13-F filing of 25150735.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $6,000,020,876. BlackRock Fund Advisors reduced a -0.26% interest valued at $3.54 billion while SSgA Funds Management, Inc. sold a -47,961 stake. A total of -345,850 shares of Becton Dickinson and Company were sold by Wellington Management Co. LLP during the quarter, and -82,553 were sold by Morgan Stanley Investment Managem. In its current portfolio, Parnassus Investments LLC holds 5,449,396 shares valued at $1.38 billion.


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