Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 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 $56.84 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 a research note from Bernstein on January 10, 2025, Thermo Fisher Scientific Inc [TMO] has been rated up from a Mkt perform to an Outperform and the price target has been revised to $630. Analysts at Scotiabank started covering the stock with ‘”a Sector perform”‘ outlook in a report released in late December. As of October 14, 2024, Redburn Atlantic has initiated its “Buy” rating for TMO. Earlier on October 01, 2024, Stephens initiated its rating. Their recommendation was “an Overweight” for TMO stock.
Analyzing TMO Stock Performance
During the last five days, there has been a surge of approximately 3.08%. Over the course of the year, Thermo Fisher Scientific Inc shares have jumped approximately 7.97%. Shares of the company reached a 52-week high of $563.81 on 01/15/25 and a 52-week low of $518.09 on 01/02/25. A 50-day SMA is recorded $532.12, while a 200-day SMA reached $570.18. Nevertheless, trading volume fell to 1.83 million shares from 3.25 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 551.48, which, if violated, would cause prices to drop to 541.26. In the upper region, resistance lies at 566.87. The next price resistance is at 572.04. RSI (Relative Strength Index) is 67.08 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 17.96, which suggests the price will increase in the coming days. Percent R is at 4.37%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
