Thermo Fisher Scientific Inc’s recent filing unveils that its Officer CASPER MARC N acquired Company’s shares for reported $3.26 million on Nov 01 ’24. In the deal valued at $557.89 per share,5,850 shares were bought.
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Then, CASPER MARC N sold 10,000 shares, generating $5,518,269 in total proceeds. Upon selling the shares at $551.83, the Chairman & CEO now owns 121,192 shares.
Before that, CASPER MARC N sold 10,000 shares. Thermo Fisher Scientific Inc shares valued at $5,492,026 were divested by the Chairman & CEO at a price of $549.20 per share. As a result of the transaction, CASPER MARC N now holds 121,192 shares, worth roughly $67.62 million.
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 2.12% to $557.92. Over the last five days, the stock has gained 0.64%. Thermo Fisher Scientific Inc shares have risen nearly 5.11% since the year began. Nevertheless, the stocks have risen 26.48% over the past one year. While a 52-week high of $627.88 was reached on 09/10/24, a 52-week low of $434.00 was recorded on 01/04/24. SMA at 50 days reached $599.23, while 200 days put it at $578.77.
Levels Of Support And Resistance For TMO Stock
The 24-hour chart illustrates a support level at 548.52, which if violated will result in even more drops to 539.11. On the upside, there is a resistance level at 566.10. A further resistance level may holdings at 574.27. The Relative Strength Index (RSI) on the 14-day chart is 35.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -21.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.67%. Stochastics %K at 9.72% indicates the stock is a buying.
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 2024-10-15, dropping by -0.94 million shares to a total of 3.05 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 3.99 million shares. There was a decline of -30.79%, which implies that there is a negative sentiment for the stock.
