Merit Medical Systems, Inc.’s recent filing unveils that its Director Millner F. Ann unloaded Company’s shares for reported $1.06 million on Jun 28 ’24. In the deal valued at $85.00 per share,12,500 shares were sold. As a result of this transaction, Millner F. Ann now holds 32,391 shares worth roughly $3.1 million.
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Then, Peterson Neil sold 7,500 shares, generating $613,845 in total proceeds. Upon selling the shares at $81.85, the CHIEF OPERATING OFFICER now owns 14,819 shares.
Before that, Parra Raul Jr. sold 6,480 shares. Merit Medical Systems, Inc. shares valued at $479,182 were divested by the CFO AND TREASURER at a price of $73.95 per share. As a result of the transaction, Parra Raul Jr. now holds 12,007 shares, worth roughly $1.15 million.
Robert W. Baird initiated its Merit Medical Systems, Inc. [MMSI] rating to an Outperform in a research note published on June 28, 2024; the price target was $96. A number of analysts have revised their coverage, including CL King’s analysts, who began to cover the stock in mid April with a ‘”a Buy”‘ rating. BofA Securities began covering MMSI with “Neutral” recommendation on February 07, 2024. Canaccord Genuity revised its rating on December 21, 2023. It rated MMSI as “a Buy” which previously was an “a Hold”.
Price Performance Review of MMSI
On Tuesday, Merit Medical Systems, Inc. [NASDAQ:MMSI] saw its stock jump 0.16% to $95.67. Over the last five days, the stock has lost -0.01%. Merit Medical Systems, Inc. shares have risen nearly 25.95% since the year began. Nevertheless, the stocks have risen 48.03% over the past one year. While a 52-week high of $101.60 was reached on 09/23/24, a 52-week low of $63.13 was recorded on 04/19/24. SMA at 50 days reached $95.12, while 200 days put it at $83.23.
Levels Of Support And Resistance For MMSI Stock
The 24-hour chart illustrates a support level at 94.95, which if violated will result in even more drops to 94.24. On the upside, there is a resistance level at 96.93. A further resistance level may holdings at 98.20. The Relative Strength Index (RSI) on the 14-day chart is 48.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.90, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.27%. Stochastics %K at 22.97% indicates the stock is a holding.
How much short interest is there in Merit Medical Systems, Inc.?
A steep rise in short interest was recorded in Merit Medical Systems, Inc. stocks on 2024-09-30, dropping by -0.22 million shares to a total of 2.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 2.78 million shares. There was a decline of -8.42%, which implies that there is a negative sentiment for the stock.
