Thermo Fisher Scientific Inc.’s recently made public 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 $72.92 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.
Redburn Atlantic initiated its Thermo Fisher Scientific Inc. [TMO] rating to a Buy in a research note published recently. A number of analysts have revised their coverage, including Stephens’s analysts, who began to cover the stock in early October with a ‘”an Overweight”‘ rating. Wells Fargo began covering TMO with “an Overweight” recommendation on August 28, 2024.
Price Performance Review of TMO
On Friday, Thermo Fisher Scientific Inc. [NYSE:TMO] saw its stock jump 0.41% to $601.71. Over the last five days, the stock has gained 0.80%. Thermo Fisher Scientific Inc. shares have risen nearly 13.36% since the year began. Nevertheless, the stocks have risen 28.77% 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 $607.63, while 200 days put it at $577.70.
Levels Of Support And Resistance For TMO Stock
The 24-hour chart illustrates a support level at 596.72, which if violated will result in even more drops to 591.72. On the upside, there is a resistance level at 605.55. A further resistance level may holdings at 609.38. The Relative Strength Index (RSI) on the 14-day chart is 48.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.94, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.88%. Stochastics %K at 30.82% 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 2024-09-30, dropping by 95773.0 shares to a total of 3.45 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 3.54 million shares. There was a decline of -2.78%, which implies that there is a negative sentiment for the stock.
