Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Thermo Fisher Scientific Inc. shares valued at $6,172,097 were purchased by CASPER MARC N on Jul 31 ’24. At $617.21 per share, CASPER MARC N acquired 10,000 shares.
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Also, CASPER MARC N sold 10,000 shares, netting a total of over 6,172,098 in proceeds. Following the sale of shares at $617.21 each, the insider now holds 123,816 shares.
Before that, CASPER MARC N had added 10,000 shares to its account. In a trade valued at $6,086,623, the Officer bought Thermo Fisher Scientific Inc. shares for $608.66 each.
As of January 24, 2024, Barclays has decreased its “an Overweight” rating to a “an Equal weight” for TMO. Earlier on January 08, 2024, Bernstein downgraded its rating. Their new recommendation was “a Mkt perform” for TMO stock which previously was a “an Outperform”.
Analyzing TMO Stock Performance
During the last five days, there has been a surge of approximately 4.59%. Over the course of the year, Thermo Fisher Scientific Inc. shares have jumped approximately 17.14%. Shares of the company reached a 52-week high of $622.30 on 08/01/24 and a 52-week low of $527.32 on 01/04/24. A 50-day SMA is recorded $566.48, while a 200-day SMA reached $543.89. Nevertheless, trading volume fell to 1.46 million shares from 1.7 million shares the previous day.
Support And Resistance Levels for Thermo Fisher Scientific Inc. (TMO)
According to the 24-hour chart, there is a support level at 615.66, which, if violated, would cause prices to drop to 609.55. In the upper region, resistance lies at 625.09. The next price resistance is at 628.41. RSI (Relative Strength Index) is 73.83 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 41.05, which suggests the price will increase in the coming days. Percent R is at 0.58%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.
