In a filing, Merit Medical Systems, Inc revealed its CHIEF OPERATING OFFICER Peterson Neil unloaded Company’s shares for reported $0.52 million on Apr 01 ’25. In the deal valued at $104.53 per share,5,000 shares were sold. As a result of this transaction, Peterson Neil now holds 28,369 shares worth roughly $2.62 million.
Then, NEIL W PETERSON bought 5,000 shares, generating $522,668 in total proceeds.
Before that, Wright Joseph bought 10,000 shares. Merit Medical Systems, Inc shares valued at $1,050,000 were divested by the Officer at a price of $105.00 per share.
JP Morgan initiated its Merit Medical Systems, Inc [MMSI] rating to an Overweight in a research note published on March 28, 2025; the price target was $120. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in mid December from “an Equal weight” to “an Overweight”. Robert W. Baird began covering MMSI with “an Outperform” recommendation on June 28, 2024. CL King started covering the stock on April 11, 2024. It rated MMSI as “a Buy”.
Price Performance Review of MMSI
On Friday, Merit Medical Systems, Inc [NASDAQ:MMSI] saw its stock fall -11.02% to $92.50. Over the last five days, the stock has lost -11.01%. Merit Medical Systems, Inc shares have fallen nearly -4.36% since the year began. Nevertheless, the stocks have risen 26.97% 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 04/04/25. SMA at 50 days reached $104.11, while 200 days put it at $97.48.
Levels Of Support And Resistance For MMSI Stock
The 24-hour chart illustrates a support level at 89.24, which if violated will result in even more drops to 85.98. On the upside, there is a resistance level at 98.11. A further resistance level may holdings at 103.73. The Relative Strength Index (RSI) on the 14-day chart is 31.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.64, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.23%. Stochastics %K at 55.25% indicates the stock is a holding.
How much short interest is there in Merit Medical Systems, Inc?
A steep rise in short interest was recorded in Merit Medical Systems, Inc stocks on 2025-03-14, growing by 0.23 million shares to a total of 3.24 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 3.01 million shares. There was a rise of 7.07%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on February 07, 2024 when BofA Securities began covering the stock and recommended ‘”a Neutral”‘ rating along with a $87 price target.
