Bausch + Lomb Corp’s recent filing unveils that its CEO and Chairman of the Board SAUNDERS BRENT L acquired Company’s shares for reported $0.51 million on Aug 05 ’24. In the deal valued at $15.66 per share,32,250 shares were bought. As a result of this transaction, SAUNDERS BRENT L now holds 595,169 shares worth roughly $10.61 million.
Citigroup downgraded its Bausch + Lomb Corp [BLCO] rating to a Neutral from a a Buy in a research note published on December 11, 2024; the price target was decreased to $22 from $24. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in early December from “an Overweight” to “an Equal-weight”. Evercore ISI also remained covering BLCO and has increased its forecast on October 15, 2024 with a “an Outperform” recommendation from previously “an In-line” rating. Raymond James started covering the stock on July 10, 2024. It rated BLCO as “an Outperform”.
Price Performance Review of BLCO
On Monday, Bausch + Lomb Corp [NYSE:BLCO] saw its stock fall -0.94% to $17.83. Over the last five days, the stock has lost -3.88%. Bausch + Lomb Corp shares have risen nearly 4.51% since the year began. Nevertheless, the stocks have risen 12.99% over the past one year. While a 52-week high of $21.69 was reached on 10/14/24, a 52-week low of $13.16 was recorded on 05/02/24. SMA at 50 days reached $19.77, while 200 days put it at $16.96.
Levels Of Support And Resistance For BLCO Stock
The 24-hour chart illustrates a support level at 17.60, which if violated will result in even more drops to 17.36. On the upside, there is a resistance level at 18.04. A further resistance level may holdings at 18.24. The Relative Strength Index (RSI) on the 14-day chart is 35.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.72%. Stochastics %K at 8.65% indicates the stock is a buying.
How much short interest is there in Bausch + Lomb Corp?
A steep rise in short interest was recorded in Bausch + Lomb Corp stocks on 2024-11-29, dropping by 48008.0 shares to a total of 1.08 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.12 million shares. There was a decline of -4.46%, which implies that there is a negative sentiment for the stock.
