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. Thermo Fisher Scientific Inc shares valued at $4,975,765 were sold by CASPER MARC N on Nov 08 ’24. At $552.86 per share, CASPER MARC N sold 9,000 shares. The insider’s holdings dropped to 14,608 shares worth approximately $7.49 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, CASPER MARC N purchased 9,000 shares, netting a total of over 4,975,753 in proceeds.
Before that, CASPER MARC N had sold 10,000 shares from its account. In a trade valued at $5,581,174, the Chairman & CEO traded Thermo Fisher Scientific Inc shares for $558.12 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $17.24 million.
As published in their initiating research note from Redburn Atlantic on October 14, 2024, Thermo Fisher Scientific Inc [TMO] has been a Buy. Analysts at Stephens started covering the stock with ‘”an Overweight”‘ outlook in a report released in early October. As of August 28, 2024, Wells Fargo has initiated its “an Overweight” rating for TMO.
Analyzing TMO Stock Performance
During the last five days, there has been a drop of approximately -5.36%. Over the course of the year, Thermo Fisher Scientific Inc shares have dropped approximately -3.38%. Shares of the company reached a 52-week high of $627.88 on 09/10/24 and a 52-week low of $493.30 on 11/19/24. A 50-day SMA is recorded $579.65, while a 200-day SMA reached $577.87. Nevertheless, trading volume fell to 1.51 million shares from 3.66 million shares the previous day.
Support And Resistance Levels for Thermo Fisher Scientific Inc (TMO)
According to the 24-hour chart, there is a support level at 505.76, which, if violated, would cause prices to drop to 498.69. In the upper region, resistance lies at 516.88. The next price resistance is at 520.93. RSI (Relative Strength Index) is 28.10 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -30.85, which suggests the price will decrease in the coming days. Percent R is at 74.59%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
