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. 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 $3.13 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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 $1.58 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 drop of approximately -0.91%. Over the course of the year, Merit Medical Systems, Inc shares have jumped approximately 27.33%. 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 $100.81, while a 200-day SMA reached $89.25. Nevertheless, trading volume fell to 0.68 million shares from 0.26 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 96.25, which, if violated, would cause prices to drop to 95.78. In the upper region, resistance lies at 97.36. The next price resistance is at 97.99. RSI (Relative Strength Index) is 37.11 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.49, which suggests the price will decrease in the coming days. Percent R is at 90.37%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
