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Checking in on Bristol-Myers Squibb Co (BMY) after recent insiders movement

Bristol-Myers Squibb Co’s recent filing unveils that its SVP and Controller Holzer Phil M unloaded Company’s shares for reported $38930.0 on Nov 04 ’24. In the deal valued at $55.62 per share,700 shares were sold. As a result of this transaction, Holzer Phil M now holds 11,760 shares worth roughly $0.66 million.

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Then, Hirawat Samit bought 1,830 shares, generating $100,055 in total proceeds. Upon buying the shares at $54.67, the EVP,Chief Med.Offr.,Drug Dev. now owns 62,109 shares.

Before that, Holzer Phil M bought 700 shares. Bristol-Myers Squibb Co shares valued at $38,930 were divested by the Officer at a price of $55.62 per share.

Citigroup downgraded its Bristol-Myers Squibb Co [BMY] rating to a Neutral from a a Buy in a research note published on October 25, 2024; the price target was decreased to $55 from $75. A number of analysts have revised their coverage, including Bernstein’s analysts, who began to cover the stock in mid October with a ‘”a Mkt perform”‘ rating. Barclays also remained covering BMY and has decreased its forecast on July 29, 2024 with a “an Equal weight” recommendation from previously “an Overweight” rating. Societe Generale revised its rating on March 11, 2024. It rated BMY as “a Hold” which previously was an “a Buy”.

Price Performance Review of BMY

On Tuesday, Bristol-Myers Squibb Co [NYSE:BMY] saw its stock jump 0.90% to $55.95. Over the last five days, the stock has gained 6.57%. Bristol-Myers Squibb Co shares have risen nearly 9.04% since the year began. Nevertheless, the stocks have risen 5.93% over the past one year. While a 52-week high of $56.20 was reached on 11/05/24, a 52-week low of $39.35 was recorded on 07/05/24. SMA at 50 days reached $51.53, while 200 days put it at $48.00.

Levels Of Support And Resistance For BMY Stock

The 24-hour chart illustrates a support level at 55.02, which if violated will result in even more drops to 54.09. On the upside, there is a resistance level at 56.58. A further resistance level may holdings at 57.21. The Relative Strength Index (RSI) on the 14-day chart is 65.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.78, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.38%. Stochastics %K at 79.03% indicates the stock is a holding.

How much short interest is there in Bristol-Myers Squibb Co?

A steep rise in short interest was recorded in Bristol-Myers Squibb Co stocks on 2024-10-15, growing by 0.71 million shares to a total of 22.5 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 21.79 million shares. There was a rise of 3.15%, which implies that there is a positive sentiment for the stock.

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