Bausch + Lomb Corp’s filing revealed 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 $10.57 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 Friday, Bausch + Lomb Corp [NYSE:BLCO] saw its stock fall -1.77% to $17.76. Over the last five days, the stock has lost -1.33%. Bausch + Lomb Corp shares have fallen nearly -1.66% since the year began. Nevertheless, the stocks have risen 12.76% over the past one year. While a 52-week high of $21.69 was reached on 01/02/25, a 52-week low of $13.16 was recorded on 01/07/25. SMA at 50 days reached $19.19, while 200 days put it at $17.06.
Levels Of Support And Resistance For BLCO Stock
The 24-hour chart illustrates a support level at 17.64, which if violated will result in even more drops to 17.53. On the upside, there is a resistance level at 17.94. A further resistance level may holdings at 18.12. The Relative Strength Index (RSI) on the 14-day chart is 40.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.68%. Stochastics %K at 30.47% indicates the stock is a holding.
How much short interest is there in Bausch + Lomb Corp?
A steep rise in short interest was recorded in Bausch + Lomb Corp stocks on 2024-12-13, growing by 0.24 million shares to a total of 1.21 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 0.97 million shares. There was a rise of 19.77%, which implies that there is a positive sentiment for the stock.
