Bausch + Lomb Corp’s filing revealed that its CEO and Chairman of the Board SAUNDERS BRENT L acquired Company’s shares for reported $0.51 million on Aug 05 ’24. In the deal valued at $15.66 per share,32,250 shares were bought. As a result of this transaction, SAUNDERS BRENT L now holds 595,169 shares worth roughly $8.17 million.
Wells Fargo downgraded its Bausch + Lomb Corp [BLCO] rating to an Equal weight from a an Overweight in a research note published on March 28, 2025; the price target was decreased to $15 from $24. A number of analysts have revised their coverage, including Citigroup’s analysts, who decreased its forecast for the stock in mid December from “a Buy” to “a Neutral”. Morgan Stanley also remained covering BLCO and has decreased its forecast on December 02, 2024 with a “an Equal-weight” recommendation from previously “an Overweight” rating. Evercore ISI revised its rating on October 15, 2024. It rated BLCO as “an Outperform” which previously was an “an In-line”.
Price Performance Review of BLCO
On Tuesday, Bausch + Lomb Corp [NYSE:BLCO] saw its stock jump 0.44% to $13.72. Over the last five days, the stock has gained 9.85%. Bausch + Lomb Corp shares have fallen nearly -24.03% since the year began. Nevertheless, the stocks have fallen -7.05% over the past one year. While a 52-week high of $21.69 was reached on 01/02/25, a 52-week low of $10.46 was recorded on 04/09/25. SMA at 50 days reached $14.43, while 200 days put it at $17.12.
Levels Of Support And Resistance For BLCO Stock
The 24-hour chart illustrates a support level at 13.55, which if violated will result in even more drops to 13.39. On the upside, there is a resistance level at 13.90. A further resistance level may holdings at 14.08. The Relative Strength Index (RSI) on the 14-day chart is 53.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.16, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.12%. Stochastics %K at 92.85% indicates the stock is a selling.
How much short interest is there in Bausch + Lomb Corp?
A steep rise in short interest was recorded in Bausch + Lomb Corp stocks on 2025-04-15, dropping by 23292.0 shares to a total of 2.01 million shares. Yahoo Finance data shows the prior-month short interest on 2025-03-14 was 2.04 million shares. There was a decline of -1.16%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 10, 2024 when Raymond James began covering the stock and recommended ‘”an Outperform”‘ rating along with a $19 price target.
