The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Thermo Fisher Scientific Inc shares valued at $2,010,537 were sold by Boxer Michael A on Mar 10 ’25. At $532.52 per share, Boxer Michael A sold 3,775 shares. The insider’s holdings dropped to 10,816 shares worth approximately $5.29 million following the completion of this transaction.
Also, Boxer Michael A purchased 3,776 shares, netting a total of over 2,010,537 in proceeds.
Before that, CASPER MARC N had sold 10,000 shares from its account. In a trade valued at $5,166,710, the Chairman & CEO traded Thermo Fisher Scientific Inc shares for $516.67 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $56.33 million.
As published in a research note from Bernstein on January 10, 2025, Thermo Fisher Scientific Inc [TMO] has been rated up from a Mkt perform to an Outperform and the price target has been revised to $630. Analysts at Scotiabank started covering the stock with ‘”a Sector perform”‘ outlook in a report released in late December. As of October 14, 2024, Redburn Atlantic has initiated its “Buy” rating for TMO. Earlier on October 01, 2024, Stephens initiated its rating. Their recommendation was “an Overweight” for TMO stock.
Analyzing TMO Stock Performance
During the last five days, there has been a drop of approximately -4.79%. Over the course of the year, Thermo Fisher Scientific Inc shares have dropped approximately -5.99%. Shares of the company reached a 52-week high of $610.97 on 01/30/25 and a 52-week low of $479.60 on 04/02/25. A 50-day SMA is recorded $537.70, while a 200-day SMA reached $560.78.
Support And Resistance Levels for Thermo Fisher Scientific Inc (TMO)
According to the 24-hour chart, there is a support level at 481.99, which, if violated, would cause prices to drop to 474.91. In the upper region, resistance lies at 493.75. The next price resistance is at 498.43. RSI (Relative Strength Index) is 31.11 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -20.64, which suggests the price will decrease in the coming days. Percent R is at 79.96%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
