Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Bausch + Lomb Corp shares valued at $505,067 were purchased by SAUNDERS BRENT L on Aug 05 ’24. At $15.66 per share, SAUNDERS BRENT L acquired 32,250 shares. The insider’s holdings grew to 595,169 shares worth approximately $10.03 million following the completion of this transaction.
As published in a research note from Citigroup on December 11, 2024, Bausch + Lomb Corp [BLCO] has been rated down from a Buy to a Neutral and the price target has been revised to $22 from $24. Analysts at Morgan Stanley downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in early December. As of October 15, 2024, Evercore ISI has increased its “an In-line” rating to a “an Outperform” for BLCO. Earlier on July 10, 2024, Raymond James initiated its rating. Their recommendation was “an Outperform” for BLCO stock.
Analyzing BLCO Stock Performance
During the last five days, there has been a drop of approximately -2.43%. Over the course of the year, Bausch + Lomb Corp shares have dropped approximately -6.70%. Shares of the company reached a 52-week high of $18.55 on 01/02/25 and a 52-week low of $16.73 on 01/23/25. A 50-day SMA is recorded $18.71, while a 200-day SMA reached $17.08. Nevertheless, trading volume fell to 0.88 million shares from 1.29 million shares the previous day.
Support And Resistance Levels for Bausch + Lomb Corp (BLCO)
According to the 24-hour chart, there is a support level at 16.68, which, if violated, would cause prices to drop to 16.50. In the upper region, resistance lies at 17.08. The next price resistance is at 17.30. RSI (Relative Strength Index) is 31.47 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.46, which suggests the price will decrease in the coming days. Percent R is at 93.42%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
