Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Becton Dickinson and Company shares valued at $826,326 were sold by Hickey David on Aug 11. At $277.85 per share, Hickey David sold 2,974 shares. The insider’s holdings dropped to 4,199 shares worth approximately $1.16 million following the completion of this transaction.
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Also, Garrison Michael David sold 1,300 shares, netting a total of over 360,269 in proceeds. Following the sale of shares at $277.13 each, the insider now holds 5,157 shares.
Before that, Byrd Richard had sold 1,421 shares from its account. In a trade valued at $353,261, the EVP & President Interventional traded Becton Dickinson and Company shares for $248.60 each. Upon closing the transaction, the insider’s holdings decreased to 1,421 shares, worth approximately $1.14 million.
As published in a research note from Raymond James on July 24, 2023, Becton Dickinson and Company [BDX] has been rated up from a Mkt perform to an Outperform and the price target has been revised to $305. This represents a 9.18% premium over Thursday’s closing price.
Analyzing BDX Stock Performance
On Thursday, Becton Dickinson and Company [NYSE: BDX] plunged -0.03% to $277.00. The stock’s lowest price that day was $276.96, but it reached a high of $279.68 in the same session. During the last five days, there has been a surge of approximately 0.53%. Over the course of the year, Becton Dickinson and Company shares have jumped approximately 8.93%. Shares of the company reached a 52-week high of $287.32 on 07/24/23 and a 52-week low of $228.62 on 03/13/23. A 50-day SMA is recorded $267.96, while a 200-day SMA reached $251.99. Nevertheless, trading volume fell to 0.86 million shares from 0.87 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 276.08, which, if violated, would cause prices to drop to 275.16. In the upper region, resistance lies at 278.80. The next price resistance is at 280.60. RSI (Relative Strength Index) is 54.82 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.34, which suggests the price will decrease in the coming days. Percent R is at 55.70%, indicating low price movement. Stochastics %K at holding 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 rise in short interest on Jul 30, 2023 jumping by 0.83 million shares to 2.86 million. Data from Yahoo Finance shows that the short interest on Jun 29, 2023 was 2.03 million shares. A jump of 29.02% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.2 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.2.
Which companies own the most shares of Becton Dickinson and Company (BDX)?
According to The Vanguard Group, Inc. filings, the company currently owns 24,253,993 shares, which is about 8.36% of the total BDX shares outstanding. The investor’s shares have appreciated by 55,406 from its previous 13-F filing of 24198587.0 shares. With the completion of the sale transaction, BlackRock Fund Advisors’s stake is now worth $3,967,467,443. T. Rowe Price Associates, Inc. reduced a -4.60% interest valued at $3.97 billion while SSgA Funds Management, Inc. purchased a 76,244 stake. A total of -166,969 shares of Becton Dickinson and Company were bought by Wellington Management Co. LLP during the quarter, and 419,599 were bought by Morgan Stanley Investment Managem. In its current portfolio, T. Rowe Price Investment Manageme holds 6,241,133 shares valued at $1.74 billion.
In terms of Becton Dickinson and Company share price expectations, FactSet research, analysts set an average price target of $299.42 in the next 12 months, up nearly 8.99% from the previous closing price of $277.08. Analysts anticipate Becton Dickinson and Company stock to reach $325.00 by 2023, with the lowest price target being $271.00. In spite of this, 19 analysts ranked Becton Dickinson and Company stock as an Overweight at the end of 2023.