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. Bristol-Myers Squibb Co shares valued at $38,930 were sold by Holzer Phil M on Nov 04 ’24. At $55.62 per share, Holzer Phil M sold 700 shares. The insider’s holdings dropped to 11,760 shares worth approximately $0.66 million following the completion of this transaction.
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Also, Hirawat Samit purchased 1,830 shares, netting a total of over 100,055 in proceeds. Following the buying of shares at $54.67 each, the insider now holds 62,109 shares.
Before that, Holzer Phil M had added 700 shares to its account. In a trade valued at $38,930, the Officer bought Bristol-Myers Squibb Co shares for $55.62 each.
Analysts at Wolfe Research started covering the stock with ‘”a Peer perform”‘ outlook in a report released in mid November. As of November 13, 2024, Daiwa Securities has increased its “Neutral” rating to a “an Outperform” for BMY. Earlier on November 12, 2024, Leerink Partners upgraded its rating. Their new recommendation was “an Outperform” for BMY stock which previously was a “a Market perform”.
Analyzing BMY Stock Performance
During the last five days, there has been a drop of approximately -4.35%. Over the course of the year, Bristol-Myers Squibb Co shares have jumped approximately 9.69%. Shares of the company reached a 52-week high of $61.08 on 11/11/24 and a 52-week low of $39.35 on 07/05/24. A 50-day SMA is recorded $55.72, while a 200-day SMA reached $49.08. Nevertheless, trading volume fell to 12.12 million shares from 9.66 million shares the previous day.
Support And Resistance Levels for Bristol-Myers Squibb Co (BMY)
According to the 24-hour chart, there is a support level at 55.71, which, if violated, would cause prices to drop to 55.13. In the upper region, resistance lies at 57.09. The next price resistance is at 57.89. RSI (Relative Strength Index) is 44.13 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.54, which suggests the price will decrease in the coming days. Percent R is at 92.83%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
