Merit Medical Systems, Inc’s recent filing unveils that its Officer Peterson Neil acquired Company’s shares for reported $0.49 million on Nov 05 ’24. In the deal valued at $98.00 per share,5,000 shares were bought.
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Then, Parra Raul Jr. bought 29,646 shares, generating $2,934,954 in total proceeds.
Before that, Millner F. Ann sold 12,500 shares. Merit Medical Systems, Inc shares valued at $1,062,500 were divested by the Director at a price of $85.00 per share. As a result of the transaction, Millner F. Ann now holds 32,391 shares, worth roughly $3.2 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 fall -0.29% to $98.79. Over the last five days, the stock has gained 3.01%. Merit Medical Systems, Inc shares have risen nearly 30.06% since the year began. Nevertheless, the stocks have risen 37.49% over the past one year. While a 52-week high of $101.60 was reached on 09/23/24, a 52-week low of $65.46 was recorded on 04/19/24. SMA at 50 days reached $96.76, while 200 days put it at $84.64.
Levels Of Support And Resistance For MMSI Stock
The 24-hour chart illustrates a support level at 97.58, which if violated will result in even more drops to 96.38. On the upside, there is a resistance level at 99.46. A further resistance level may holdings at 100.14. The Relative Strength Index (RSI) on the 14-day chart is 61.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.35, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 23.84%. Stochastics %K at 77.63% 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 2024-10-15, dropping by -0.24 million shares to a total of 2.31 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 2.55 million shares. There was a decline of -10.34%, which implies that there is a negative sentiment for the stock.
