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 $6,172,098 were sold by CASPER MARC N on Jul 31 ’24. At $617.21 per share, CASPER MARC N sold 10,000 shares. The insider’s holdings dropped to 123,816 shares worth approximately $74.75 million following the completion of this transaction.
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Also, CASPER MARC N purchased 10,000 shares, netting a total of over 6,172,097 in proceeds.
Before that, CASPER MARC N had sold 10,000 shares from its account. In a trade valued at $6,086,618, the Chairman & CEO traded Thermo Fisher Scientific Inc. shares for $608.66 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $74.75 million.
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 0.61%. Over the course of the year, Thermo Fisher Scientific Inc. shares have jumped approximately 13.73%. 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 $571.45, while a 200-day SMA reached $550.93. Nevertheless, trading volume fell to 1.15 million shares from 1.13 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 599.57, which, if violated, would cause prices to drop to 595.46. In the upper region, resistance lies at 608.21. The next price resistance is at 612.74. RSI (Relative Strength Index) is 58.70 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.14, which suggests the price will decrease in the coming days. Percent R is at 50.82%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
