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Bristol-Myers Squibb Co [BMY] Investment Appeal on the Rise

Bristol-Myers Squibb Co’s recently made public 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 $0.69 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.

Wolfe Research initiated its Bristol-Myers Squibb Co [BMY] rating to a Peer perform in a research note published recently. A number of analysts have revised their coverage, including Daiwa Securities’s analysts, who increased its forecast for the stock in mid November from “a Neutral” to “an Outperform”. Leerink Partners also remained covering BMY and has increased its forecast on November 12, 2024 with a “an Outperform” recommendation from previously “Market perform” rating. Citigroup revised its rating on October 25, 2024. It rated BMY as “a Neutral” which previously was an “a Buy”.

Price Performance Review of BMY

On Friday, Bristol-Myers Squibb Co [NYSE:BMY] saw its stock jump 1.10% to $58.87. Over the last five days, the stock has gained 4.71%. Bristol-Myers Squibb Co shares have risen nearly 14.73% since the year began. Nevertheless, the stocks have risen 19.12% over the past one year. While a 52-week high of $61.08 was reached on 11/11/24, a 52-week low of $39.35 was recorded on 07/05/24. SMA at 50 days reached $53.66, while 200 days put it at $48.54.

Levels Of Support And Resistance For BMY Stock

The 24-hour chart illustrates a support level at 58.02, which if violated will result in even more drops to 57.17. On the upside, there is a resistance level at 59.32. A further resistance level may holdings at 59.76. The Relative Strength Index (RSI) on the 14-day chart is 62.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.04, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 31.08%. Stochastics %K at 61.28% 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 2024-10-31, growing by 3.39 million shares to a total of 23.42 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 20.03 million shares. There was a rise of 14.46%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on October 17, 2024 when Bernstein began covering the stock and recommended ‘”a Mkt perform”‘ rating along with a $56 price target.

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