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 $3.18 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 $1.61 million.
Wells Fargo upgraded its Merit Medical Systems, Inc [MMSI] rating to an Overweight from a an Equal weight in a research note published on December 11, 2024; the price target was increased to $120 from $103. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who began to cover the stock in late June with a ‘”an Outperform”‘ rating. CL King began covering MMSI with “Buy” recommendation on April 11, 2024. BofA Securities started covering the stock on February 07, 2024. It rated MMSI as “a Neutral”.
Price Performance Review of MMSI
On Friday, Merit Medical Systems, Inc [NASDAQ:MMSI] saw its stock jump 2.03% to $98.22. Over the last five days, the stock has lost -4.42%. Merit Medical Systems, Inc shares have risen nearly 29.30% since the year began. Nevertheless, the stocks have risen 37.04% over the past one year. While a 52-week high of $108.07 was reached on 12/11/24, a 52-week low of $70.51 was recorded on 04/19/24. SMA at 50 days reached $100.56, while 200 days put it at $88.53.
Levels Of Support And Resistance For MMSI Stock
The 24-hour chart illustrates a support level at 96.14, which if violated will result in even more drops to 94.06. On the upside, there is a resistance level at 99.67. A further resistance level may holdings at 101.12. The Relative Strength Index (RSI) on the 14-day chart is 39.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.43%. Stochastics %K at 9.17% indicates the stock is a buying.
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 2024-11-29, dropping by -0.13 million shares to a total of 2.56 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 2.69 million shares. There was a decline of -5.02%, which implies that there is a negative sentiment for the stock.
