Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Merit Medical Systems, Inc shares valued at $3,252,846 were sold by LAMPROPOULOS FRED P on Mar 05 ’25. At $103.86 per share, LAMPROPOULOS FRED P sold 31,320 shares. The insider’s holdings dropped to 1,086,028 shares worth approximately $106.06 million following the completion of this transaction.
Also, LAMPROPOULOS FRED P sold 3,000 shares, netting a total of over 311,223 in proceeds. Following the sale of shares at $103.75 each, the insider now holds 7,734 shares.
Before that, Parra Raul Jr. had sold 5,361 shares from its account. In a trade valued at $555,292, the CFO AND TREASURER traded Merit Medical Systems, Inc shares for $103.58 each. Upon closing the transaction, the insider’s holdings decreased to 5,361 shares, worth approximately $2.36 million.
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 -4.00%. Over the course of the year, Merit Medical Systems, Inc shares have jumped approximately 0.97%. 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 $103.06, while a 200-day SMA reached $95.86.
Support And Resistance Levels for Merit Medical Systems, Inc (MMSI)
According to the 24-hour chart, there is a support level at 96.70, which, if violated, would cause prices to drop to 95.74. In the upper region, resistance lies at 98.57. The next price resistance is at 99.48. RSI (Relative Strength Index) is 38.15 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.54, which suggests the price will decrease in the coming days. Percent R is at 87.80%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
