Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Merit Medical Systems, Inc shares valued at $1,269,375 were sold by Millner F. Ann on Nov 15 ’24. At $101.55 per share, Millner F. Ann sold 12,500 shares. The insider’s holdings dropped to 32,391 shares worth approximately $3.42 million following the completion of this transaction.
Also, F ANN MILLNER purchased 12,500 shares, netting a total of over 1,269,432 in proceeds.
Before that, Parra Raul Jr. had sold 5,361 shares from its account. In a trade valued at $547,787, the CFO AND TREASURER traded Merit Medical Systems, Inc shares for $102.18 each. Upon closing the transaction, the insider’s holdings decreased to 5,361 shares, worth approximately $1.73 million.
As published in a research note from Wells Fargo on December 11, 2024, Merit Medical Systems, Inc [MMSI] has been rated up from an Equal weight to an Overweight and the price target has been revised to $120 from $103. Analysts at Robert W. Baird started covering the stock with ‘”an Outperform”‘ outlook in a report released in late June. As of April 11, 2024, CL King has initiated its “Buy” rating for MMSI. Earlier on February 07, 2024, BofA Securities initiated its rating. Their recommendation was “a Neutral” for MMSI stock.
Analyzing MMSI Stock Performance
During the last five days, there has been a surge of approximately 0.03%. Over the course of the year, Merit Medical Systems, Inc shares have jumped approximately 38.92%. Shares of the company reached a 52-week high of $108.07 on 12/11/24 and a 52-week low of $70.70 on 04/19/24. A 50-day SMA is recorded $99.91, while a 200-day SMA reached $87.70. Nevertheless, trading volume fell to 0.61 million shares from 0.43 million shares the previous day.
Support And Resistance Levels for Merit Medical Systems, Inc (MMSI)
According to the 24-hour chart, there is a support level at 104.42, which, if violated, would cause prices to drop to 103.33. In the upper region, resistance lies at 107.34. The next price resistance is at 109.17. RSI (Relative Strength Index) is 60.41 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.66, which suggests the price will decrease in the coming days. Percent R is at 39.25%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
