Thermo Fisher Scientific Inc’s filing revealed that its Chairman & CEO CASPER MARC N unloaded Company’s shares for reported $4.98 million on Nov 08 ’24. In the deal valued at $552.86 per share,9,000 shares were sold. As a result of this transaction, CASPER MARC N now holds 14,608 shares worth roughly $7.5 million.
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Then, CASPER MARC N bought 9,000 shares, generating $4,975,753 in total proceeds.
Before that, CASPER MARC N sold 10,000 shares. Thermo Fisher Scientific Inc shares valued at $5,581,174 were divested by the Chairman & CEO at a price of $558.12 per share. As a result of the transaction, CASPER MARC N now holds 33,608 shares, worth roughly $17.25 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 fall -0.55% to $513.26. Over the last five days, the stock has gained 0.04%. Thermo Fisher Scientific Inc shares have fallen nearly -3.30% since the year began. Nevertheless, the stocks have risen 5.28% over the past one year. While a 52-week high of $627.88 was reached on 09/10/24, a 52-week low of $480.57 was recorded on 11/19/24. SMA at 50 days reached $575.73, while 200 days put it at $577.50.
Levels Of Support And Resistance For TMO Stock
The 24-hour chart illustrates a support level at 507.95, which if violated will result in even more drops to 502.65. On the upside, there is a resistance level at 517.78. A further resistance level may holdings at 522.31. The Relative Strength Index (RSI) on the 14-day chart is 29.71, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -18.53, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.04%. Stochastics %K at 27.00% indicates the stock is a holding.
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 2024-10-31, dropping by -0.51 million shares to a total of 2.93 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.45 million shares. There was a decline of -17.54%, which implies that there is a negative sentiment for the stock.
