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. 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 $12.46 million following the completion of this transaction.
As published in a research note from Evercore ISI on October 15, 2024, Bausch + Lomb Corp [BLCO] has been rated up from an In-line to an Outperform and the price target has been revised to $25 from $19. Analysts at Raymond James started covering the stock with ‘”an Outperform”‘ outlook in a report released in early July. As of May 06, 2024, Morgan Stanley has increased its “an Equal-weight” rating to a “an Overweight” for BLCO. Earlier on January 04, 2024, Evercore ISI downgraded its rating. Their new recommendation was “an In-line” for BLCO stock which previously was a “an Outperform”.
Analyzing BLCO Stock Performance
During the last five days, there has been a surge of approximately 9.47%. Over the course of the year, Bausch + Lomb Corp shares have jumped approximately 22.68%. Shares of the company reached a 52-week high of $21.69 on 10/14/24 and a 52-week low of $13.16 on 05/02/24. A 50-day SMA is recorded $17.60, while a 200-day SMA reached $15.94. Nevertheless, trading volume fell to 0.79 million shares from 0.58 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 20.63, which, if violated, would cause prices to drop to 20.34. In the upper region, resistance lies at 21.14. The next price resistance is at 21.36. RSI (Relative Strength Index) is 73.11 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.29, which suggests the price will increase in the coming days. Percent R is at 21.17%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
