The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Becton Dickinson & Co. shares valued at $67,198 were sold by Spoerel Thomas J on Mar 14 ’24. At $238.29 per share, Spoerel Thomas J sold 282 shares. The insider’s holdings dropped to 2,276 shares worth approximately $0.56 million following the completion of this transaction.
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Also, Garrison Michael David sold 1,239 shares, netting a total of over 288,018 in proceeds. Following the sale of shares at $232.46 each, the insider now holds 7,274 shares.
Before that, Byrd Richard had sold 2,156 shares from its account. In a trade valued at $514,141, the EVP & President Interventional traded Becton Dickinson & Co. shares for $238.47 each. Upon closing the transaction, the insider’s holdings decreased to 2,156 shares, worth approximately $1.02 million.
As published in a research note from Raymond James on July 24, 2023, Becton Dickinson & Co. [BDX] has been rated up from a Mkt perform to an Outperform and the price target has been revised to $305. As of May 05, 2023, Piper Sandler has increased its “Neutral” rating to a “an Overweight” for BDX. Earlier on April 12, 2023, KeyBanc Capital Markets upgraded its rating. Their new recommendation was “an Overweight” for BDX stock which previously was a “a Sector weight”.
Analyzing BDX Stock Performance
During the last five days, there has been a surge of approximately 3.64%. Over the course of the year, Becton Dickinson & Co. shares have jumped approximately 1.11%. Shares of the company reached a 52-week high of $249.89 on 01/09/24 and a 52-week low of $232.18 on 03/15/24. A 50-day SMA is recorded $239.08, while a 200-day SMA reached $252.49. Nevertheless, trading volume fell to 0.84 million shares from 0.88 million shares the previous day.
Support And Resistance Levels for Becton Dickinson & Co. (BDX)
According to the 24-hour chart, there is a support level at 243.95, which, if violated, would cause prices to drop to 241.37. In the upper region, resistance lies at 247.85. The next price resistance is at 249.17. RSI (Relative Strength Index) is 60.65 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.10, which suggests the price will increase in the coming days. Percent R is at 0.90%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Becton Dickinson & Co. subject to short interest?
Stocks of Becton Dickinson & Co. saw a sharp steep in short interest on Feb 29, 2024 dropping by -0.37 million shares to 2.09 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 2.46 million shares. A decline of -17.7% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.34 of the overall float, the days-to-cover ratio (short ratio) decline to 1.34.
