In a filing, Thermo Fisher Scientific Inc. revealed its Chairman & CEO CASPER MARC N unloaded Company’s shares for reported $5.95 million on Mar 13 ’24. In the deal valued at $594.58 per share,10,000 shares were sold. As a result of this transaction, CASPER MARC N now holds 123,816 shares worth roughly $69.98 million.
Then, Britt Lisa P. sold 14,345 shares, generating $8,591,220 in total proceeds. Upon selling the shares at $598.90, the Sr. VP and Chief HR Officer now owns 17,323 shares.
Before that, CASPER MARC N sold 10,000 shares. Thermo Fisher Scientific Inc. shares valued at $5,979,758 were divested by the Chairman & CEO at a price of $597.98 per share. As a result of the transaction, CASPER MARC N now holds 123,816 shares, worth roughly $69.98 million.
A number of analysts have revised their coverage, including Barclays’s analysts, who decreased its forecast for the stock in late January from “an Overweight” to “an Equal weight”. Bernstein also remained covering TMO and has decreased its forecast on January 08, 2024 with a “Mkt perform” recommendation from previously “an Outperform” rating. HSBC Securities started covering the stock on December 18, 2023. It rated TMO as “a Buy”.
Price Performance Review of TMO
On Friday, Thermo Fisher Scientific Inc. [NYSE:TMO] saw its stock fall -1.63% to $565.23. Over the last five days, the stock has lost -2.46%. Thermo Fisher Scientific Inc. shares have risen nearly 6.49% since the year began. Nevertheless, the stocks have fallen -2.44% over the past one year. While a 52-week high of $603.82 was reached on 03/08/24, a 52-week low of $415.60 was recorded on 01/04/24. SMA at 50 days reached $571.12, while 200 days put it at $527.99. A total of 1.2 million shares were traded, compared to the trading of 1.3 million shares in the previous session.
Levels Of Support And Resistance For TMO Stock
The 24-hour chart illustrates a support level at 560.12, which if violated will result in even more drops to 555.01. On the upside, there is a resistance level at 571.86. A further resistance level may holdings at 578.50. The Relative Strength Index (RSI) on the 14-day chart is 42.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.31%. Stochastics %K at 27.31% indicates the stock is a holding.
The most recent change occurred on December 13, 2023 when Wolfe Research began covering the stock and recommended ‘”an Outperform”‘ rating along with a $575 price target.
