Merit Medical Systems, Inc’s filing revealed that its Director Millner F. Ann unloaded Company’s shares for reported $1.27 million on Nov 15 ’24. In the deal valued at $101.55 per share,12,500 shares were sold. As a result of this transaction, Millner F. Ann now holds 32,391 shares worth roughly $3.4 million.
Then, F ANN MILLNER bought 12,500 shares, generating $1,269,432 in total proceeds.
Before that, Parra Raul Jr. sold 5,361 shares. Merit Medical Systems, Inc shares valued at $547,787 were divested by the CFO AND TREASURER at a price of $102.18 per share. As a result of the transaction, Parra Raul Jr. now holds 16,361 shares, worth roughly $1.72 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 Monday, Merit Medical Systems, Inc [NASDAQ:MMSI] saw its stock fall -0.39% to $104.92. Over the last five days, the stock has gained 0.94%. Merit Medical Systems, Inc shares have risen nearly 38.13% since the year began. Nevertheless, the stocks have risen 45.08% over the past one year. While a 52-week high of $106.87 was reached on 11/22/24, a 52-week low of $65.46 was recorded on 04/19/24. SMA at 50 days reached $98.70, while 200 days put it at $86.34.
Levels Of Support And Resistance For MMSI Stock
The 24-hour chart illustrates a support level at 104.43, which if violated will result in even more drops to 103.94. On the upside, there is a resistance level at 105.75. A further resistance level may holdings at 106.58. The Relative Strength Index (RSI) on the 14-day chart is 66.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.65, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 25.79%. Stochastics %K at 84.49% indicates the stock is a selling.
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 2024-10-31, growing by 0.12 million shares to a total of 2.69 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.57 million shares. There was a rise of 4.58%, which implies that there is a positive sentiment for the stock.
