Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Bausch + Lomb Corp shares valued at $505,067 were purchased by SAUNDERS BRENT L on Aug 05 ’24. At $15.66 per share, SAUNDERS BRENT L acquired 32,250 shares. The insider’s holdings grew to 595,169 shares worth approximately $11.9 million following the completion of this transaction.
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As published in their initiating research note from Raymond James on July 10, 2024, Bausch + Lomb Corp [BLCO] has been an Outperform and the price target has been revised to $19. Analysts at Morgan Stanley upgraded the stock from ‘”an Equal-weight”‘ to ‘”an Overweight”‘ outlook in a report released in early May. As of January 04, 2024, Evercore ISI has decreased its “an Outperform” rating to a “an In-line” for BLCO. Earlier on December 12, 2023, Stifel initiated its rating. Their recommendation was “a Hold” for BLCO stock.
Analyzing BLCO Stock Performance
During the last five days, there has been a surge of approximately 26.42%. Over the course of the year, Bausch + Lomb Corp shares have jumped approximately 17.23%. Shares of the company reached a 52-week high of $21.00 on 09/18/24 and a 52-week low of $13.16 on 05/02/24. A 50-day SMA is recorded $16.28, while a 200-day SMA reached $15.54. Nevertheless, trading volume fell to 3.08 million shares from 6.13 million shares the previous day.
Support And Resistance Levels for Bausch + Lomb Corp (BLCO)
According to the 24-hour chart, there is a support level at 19.15, which, if violated, would cause prices to drop to 18.31. In the upper region, resistance lies at 20.92. The next price resistance is at 21.85. RSI (Relative Strength Index) is 79.29 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.23, which suggests the price will increase in the coming days. Percent R is at 17.89%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
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