Merit Medical Systems, Inc.’s recent filing unveils that its CHIEF OPERATING OFFICER Peterson Neil unloaded Company’s shares for reported $0.61 million on Jun 10 ’24. In the deal valued at $81.85 per share,7,500 shares were sold. As a result of this transaction, Peterson Neil now holds 14,819 shares worth roughly $1.27 million.
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Then, Parra Raul Jr. sold 6,480 shares, generating $479,182 in total proceeds. Upon selling the shares at $73.95, the CFO AND TREASURER now owns 12,007 shares.
Before that, Wright Joseph sold 25,000 shares. Merit Medical Systems, Inc. shares valued at $1,891,925 were divested by the CHIEF COMMERCIAL OFFICER at a price of $75.68 per share. As a result of the transaction, Wright Joseph now holds 42,223 shares, worth roughly $3.62 million.
Robert W. Baird initiated its Merit Medical Systems, Inc. [MMSI] rating to an Outperform in a research note published on June 28, 2024; the price target was $96. A number of analysts have revised their coverage, including CL King’s analysts, who began to cover the stock in mid April with a ‘”a Buy”‘ rating. BofA Securities began covering MMSI with “Neutral” recommendation on February 07, 2024. Canaccord Genuity revised its rating on December 21, 2023. It rated MMSI as “a Buy” which previously was an “a Hold”.
Price Performance Review of MMSI
On Monday, Merit Medical Systems, Inc. [NASDAQ:MMSI] saw its stock fall -0.36% to $85.64. Over the last five days, the stock has gained 2.64%. Merit Medical Systems, Inc. shares have risen nearly 12.74% since the year began. Nevertheless, the stocks have risen 2.66% over the past one year. While a 52-week high of $86.44 was reached on 06/28/24, a 52-week low of $62.58 was recorded on 04/19/24. SMA at 50 days reached $80.49, while 200 days put it at $74.84. A total of 0.63 million shares were traded, compared to the trading of 1.37 million shares in the previous session.
Levels Of Support And Resistance For MMSI Stock
The 24-hour chart illustrates a support level at 85.02, which if violated will result in even more drops to 84.40. On the upside, there is a resistance level at 86.32. A further resistance level may holdings at 87.01. The Relative Strength Index (RSI) on the 14-day chart is 66.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.14, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.46%. Stochastics%K at 86.54% indicates the stock is a selling.
