Thermo Fisher Scientific Inc.’s filing revealed that its Chairman & CEO CASPER MARC N unloaded Company’s shares for reported $6.09 million on Sep 03 ’24. In the deal valued at $608.74 per share,10,000 shares were sold. As a result of this transaction, CASPER MARC N now holds 121,192 shares worth roughly $72.55 million.
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Then, CASPER MARC N sold 10,000 shares, generating $6,081,529 in total proceeds. Upon selling the shares at $608.15, the Chairman & CEO now owns 121,192 shares.
Before that, CASPER MARC N bought 10,000 shares. Thermo Fisher Scientific Inc. shares valued at $6,056,600 were divested by the Officer at a price of $605.66 per share.
Stephens initiated its Thermo Fisher Scientific Inc. [TMO] rating to an Overweight in a research note published on October 01, 2024; the price target was $680. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in late August with a ‘”an Overweight”‘ rating.
Price Performance Review of TMO
On Friday, Thermo Fisher Scientific Inc. [NYSE:TMO] saw its stock fall -0.38% to $598.61. Over the last five days, the stock has lost -2.57%. Thermo Fisher Scientific Inc. shares have risen nearly 12.78% since the year began. Nevertheless, the stocks have risen 19.14% over the past one year. While a 52-week high of $627.88 was reached on 09/10/24, a 52-week low of $415.60 was recorded on 01/04/24. SMA at 50 days reached $609.30, while 200 days put it at $574.30.
Levels Of Support And Resistance For TMO Stock
The 24-hour chart illustrates a support level at 595.43, which if violated will result in even more drops to 592.25. On the upside, there is a resistance level at 602.89. A further resistance level may holdings at 607.17. The Relative Strength Index (RSI) on the 14-day chart is 42.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.92, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.60%. Stochastics %K at 29.11% indicates the stock is a holding.
How much short interest is there in Thermo Fisher Scientific Inc.?
A steep rise in short interest was recorded in Thermo Fisher Scientific Inc. stocks on 2024-09-13, growing by 0.67 million shares to a total of 3.99 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 3.32 million shares. There was a rise of 16.89%, which implies that there is a positive sentiment for the stock.
