The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Thermo Fisher Scientific Inc. shares valued at $6,087,445 were sold by CASPER MARC N on Sep 03 ’24. At $608.74 per share, CASPER MARC N sold 10,000 shares. The insider’s holdings dropped to 121,192 shares worth approximately $73.94 million following the completion of this transaction.
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Also, CASPER MARC N sold 10,000 shares, netting a total of over 6,081,529 in proceeds. Following the sale of shares at $608.15 each, the insider now holds 121,192 shares.
Before that, CASPER MARC N had added 10,000 shares to its account. In a trade valued at $6,056,600, the Officer bought Thermo Fisher Scientific Inc. shares for $605.66 each.
As published in their initiating research note from Wells Fargo on August 28, 2024, Thermo Fisher Scientific Inc. [TMO] has been an Overweight and the price target has been revised to $670. Earlier on January 24, 2024, Barclays downgraded its rating. Their new recommendation was “an Equal weight” for TMO stock which previously was a “an Overweight”.
Analyzing TMO Stock Performance
During the last five days, there has been a drop of approximately -1.35%. Over the course of the year, Thermo Fisher Scientific Inc. shares have jumped approximately 14.95%. Shares of the company reached a 52-week high of $627.88 on 09/10/24 and a 52-week low of $527.32 on 01/04/24. A 50-day SMA is recorded $595.15, while a 200-day SMA reached $567.78. Nevertheless, trading volume fell to 1.09 million shares from 1.33 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 603.01, which, if violated, would cause prices to drop to 595.91. In the upper region, resistance lies at 616.07. The next price resistance is at 622.03. RSI (Relative Strength Index) is 51.89 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.73, which suggests the price will decrease in the coming days. Percent R is at 66.72%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
