Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Merit Medical Systems, Inc shares valued at $2,500,000 were purchased by Wright Joseph on Jan 14 ’25. At $100.00 per share, Wright Joseph acquired 25,000 shares.
Also, Millner F. Ann sold 12,500 shares, netting a total of over 1,269,375 in proceeds. Following the sale of shares at $101.55 each, the insider now holds 32,391 shares.
Before that, F ANN MILLNER had added 12,500 shares to its account. In a trade valued at $1,269,432, the Director bought Merit Medical Systems, Inc shares for $101.55 each.
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 -1.96%. Over the course of the year, Merit Medical Systems, Inc shares have jumped approximately 10.02%. Shares of the company reached a 52-week high of $111.45 on 01/31/25 and a 52-week low of $94.87 on 01/13/25. A 50-day SMA is recorded $102.94, while a 200-day SMA reached $94.24. Nevertheless, trading volume fell to 0.51 million shares from 0.43 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 105.54, which, if violated, would cause prices to drop to 104.67. In the upper region, resistance lies at 108.13. The next price resistance is at 109.86. RSI (Relative Strength Index) is 50.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.63, which suggests the price will decrease in the coming days. Percent R is at 94.03%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
