In a filing, Bausch + Lomb Corp revealed its CEO and Chairman of the Board SAUNDERS BRENT L acquired Company’s shares for reported $0.51 million on Aug 05 ’24. In the deal valued at $15.66 per share,32,250 shares were bought. As a result of this transaction, SAUNDERS BRENT L now holds 595,169 shares worth roughly $9.78 million.
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Raymond James initiated its Bausch + Lomb Corp [BLCO] rating to an Outperform in a research note published on July 10, 2024; the price target was $19. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in early May from “an Equal-weight” to “an Overweight”. Evercore ISI also remained covering BLCO and has decreased its forecast on January 04, 2024 with a “an In-line” recommendation from previously “an Outperform” rating. Stifel started covering the stock on December 12, 2023. It rated BLCO as “a Hold”.
Price Performance Review of BLCO
On Friday, Bausch + Lomb Corp [NYSE:BLCO] saw its stock jump 2.69% to $16.43. Over the last five days, the stock has gained 0.98%. Bausch + Lomb Corp shares have fallen nearly -3.69% since the year began. Nevertheless, the stocks have fallen -10.12% over the past one year. While a 52-week high of $18.51 was reached on 08/01/24, a 52-week low of $13.16 was recorded on 05/02/24. SMA at 50 days reached $15.85, while 200 days put it at $15.48.
Levels Of Support And Resistance For BLCO Stock
The 24-hour chart illustrates a support level at 16.01, which if violated will result in even more drops to 15.60. On the upside, there is a resistance level at 16.66. A further resistance level may holdings at 16.90. The Relative Strength Index (RSI) on the 14-day chart is 56.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 4.13%. Stochastics %K at 77.86% indicates the stock is a holding.
How much short interest is there in Bausch + Lomb Corp?
A steep rise in short interest was recorded in Bausch + Lomb Corp stocks on 2024-08-15, dropping by -0.16 million shares to a total of 1.91 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 2.06 million shares. There was a decline of -8.18%, which implies that there is a negative sentiment for the stock.
