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 $522,650 were sold by Peterson Neil on Apr 01 ’25. At $104.53 per share, Peterson Neil sold 5,000 shares. The insider’s holdings dropped to 28,369 shares worth approximately $3.04 million following the completion of this transaction.
Also, NEIL W PETERSON purchased 5,000 shares, netting a total of over 522,668 in proceeds.
Before that, Wright Joseph had added 10,000 shares to its account. In a trade valued at $1,050,000, the Officer bought Merit Medical Systems, Inc shares for $105.00 each.
As published in their initiating research note from JP Morgan on March 28, 2025, Merit Medical Systems, Inc [MMSI] has been an Overweight and the price target has been revised to $120. Analysts at Wells Fargo upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in mid December. As of June 28, 2024, Robert W. Baird has initiated its “an Outperform” rating for MMSI. Earlier on April 11, 2024, CL King initiated its rating. Their recommendation was “a Buy” for MMSI stock.
Analyzing MMSI Stock Performance
During the last five days, there has been a surge of approximately 3.22%. Over the course of the year, Merit Medical Systems, Inc shares have jumped approximately 10.67%. 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 $104.35, while a 200-day SMA reached $97.31.
Support And Resistance Levels for Merit Medical Systems, Inc (MMSI)
According to the 24-hour chart, there is a support level at 105.08, which, if violated, would cause prices to drop to 103.11. In the upper region, resistance lies at 108.14. The next price resistance is at 109.23. RSI (Relative Strength Index) is 62.44 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.03, which suggests the price will increase in the coming days. Percent R is at 2.45%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
