Merit Medical Systems, Inc’s recently made public that its President and CEO LAMPROPOULOS FRED P unloaded Company’s shares for reported $3.25 million on Mar 05 ’25. In the deal valued at $103.86 per share,31,320 shares were sold. As a result of this transaction, LAMPROPOULOS FRED P now holds 1,086,028 shares worth roughly $105.46 million.
Then, LAMPROPOULOS FRED P sold 3,000 shares, generating $311,223 in total proceeds. Upon selling the shares at $103.75, the President and CEO now owns 7,734 shares.
Before that, Parra Raul Jr. sold 5,361 shares. Merit Medical Systems, Inc shares valued at $555,292 were divested by the CFO AND TREASURER at a price of $103.58 per share. As a result of the transaction, Parra Raul Jr. now holds 24,201 shares, worth roughly $2.35 million.
Wells Fargo upgraded its Merit Medical Systems, Inc [MMSI] rating to an Overweight from a an Equal weight in a research note published on December 11, 2024; the price target was increased to $120 from $103. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who began to cover the stock in late June with a ‘”an Outperform”‘ rating. CL King began covering MMSI with “Buy” recommendation on April 11, 2024. BofA Securities started covering the stock on February 07, 2024. It rated MMSI as “a Neutral”.
Price Performance Review of MMSI
On Monday, Merit Medical Systems, Inc [NASDAQ:MMSI] saw its stock fall -2.84% to $97.11. Over the last five days, the stock has lost -5.75%. Merit Medical Systems, Inc shares have risen nearly 0.40% since the year began. Nevertheless, the stocks have risen 29.74% over the past one year. While a 52-week high of $111.45 was reached on 01/31/25, a 52-week low of $70.70 was recorded on 01/13/25. SMA at 50 days reached $103.05, while 200 days put it at $95.61.
Levels Of Support And Resistance For MMSI Stock
The 24-hour chart illustrates a support level at 95.67, which if violated will result in even more drops to 94.23. On the upside, there is a resistance level at 99.42. A further resistance level may holdings at 101.73. The Relative Strength Index (RSI) on the 14-day chart is 36.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.57, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.42%. Stochastics %K at 17.14% indicates the stock is a buying.
