Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Thermo Fisher Scientific Inc shares valued at $5,321,955 were sold by CASPER MARC N on Dec 03 ’24. At $532.20 per share, CASPER MARC N sold 10,000 shares. The insider’s holdings dropped to 101,192 shares worth approximately $52.88 million following the completion of this transaction.
Also, CASPER MARC N sold 10,000 shares, netting a total of over 5,302,604 in proceeds. Following the sale of shares at $530.26 each, the insider now holds 111,192 shares.
Before that, CASPER MARC N had added 10,000 shares to its account. In a trade valued at $5,321,941, the Officer bought Thermo Fisher Scientific Inc shares for $532.19 each.
As published in their initiating research note from Scotiabank on December 23, 2024, Thermo Fisher Scientific Inc [TMO] has been a Sector perform. Analysts at Redburn Atlantic started covering the stock with ‘”a Buy”‘ outlook in a report released in mid October. As of October 01, 2024, Stephens has initiated its “an Overweight” rating for TMO. Earlier on August 28, 2024, Wells Fargo initiated its rating. Their recommendation was “an Overweight” for TMO stock.
Analyzing TMO Stock Performance
During the last five days, there has been a drop of approximately -1.21%. Over the course of the year, Thermo Fisher Scientific Inc shares have jumped approximately 0.45%. Shares of the company reached a 52-week high of $526.10 on 01/02/25 and a 52-week low of $518.09 on 01/02/25. A 50-day SMA is recorded $534.16, while a 200-day SMA reached $571.60. Nevertheless, trading volume fell to 1.82 million shares from 1.03 million shares the previous day.
Support And Resistance Levels for Thermo Fisher Scientific Inc (TMO)
According to the 24-hour chart, there is a support level at 518.41, which, if violated, would cause prices to drop to 514.24. In the upper region, resistance lies at 526.42. The next price resistance is at 530.26. RSI (Relative Strength Index) is 45.09 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.53, which suggests the price will decrease in the coming days. Percent R is at 49.36%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
