Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Bristol-Myers Squibb Co shares valued at $110,096 were purchased by BOERNER CHRISTOPHER S. on Feb 20 ’25. At $55.05 per share, BOERNER CHRISTOPHER S. acquired 2,000 shares. The insider’s holdings grew to 104,626 shares worth approximately $6.0 million following the completion of this transaction.
Also, Hirawat Samit purchased 1,823 shares, netting a total of over 100,000 in proceeds. Following the buying of shares at $54.84 each, the insider now holds 63,932 shares.
Before that, Holzer Phil M had sold 700 shares from its account. In a trade valued at $38,930, the SVP and Controller traded Bristol-Myers Squibb Co shares for $55.62 each. Upon closing the transaction, the insider’s holdings decreased to 700 shares, worth approximately $0.67 million.
As published in a research note from Jefferies on December 16, 2024, Bristol-Myers Squibb Co [BMY] has been rated up from a Hold to a Buy and the price target has been revised to $70. As of November 15, 2024, Wolfe Research has initiated its “Peer perform” rating for BMY. Earlier on November 13, 2024, Daiwa Securities upgraded its rating. Their new recommendation was “an Outperform” for BMY stock which previously was a “a Neutral”.
Analyzing BMY Stock Performance
During the last five days, there has been a surge of approximately 4.37%. Over the course of the year, Bristol-Myers Squibb Co shares have jumped approximately 1.45%. Shares of the company reached a 52-week high of $61.10 on 01/27/25 and a 52-week low of $53.54 on 02/18/25. A 50-day SMA is recorded $57.07, while a 200-day SMA reached $50.85. Nevertheless, trading volume fell to 7.27 million shares from 15.34 million shares the previous day.
Support And Resistance Levels for Bristol-Myers Squibb Co (BMY)
According to the 24-hour chart, there is a support level at 56.93, which, if violated, would cause prices to drop to 56.47. In the upper region, resistance lies at 58.13. The next price resistance is at 58.87. RSI (Relative Strength Index) is 52.24 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.66, which suggests the price will increase in the coming days. Percent R is at 40.00%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
