Large Inflow of Money Detected in Thermo Fisher Scientific Inc

Thermo Fisher Scientific Inc (TMO) : On Monday, The money flowed into the Thermo Fisher Scientific Inc (TMO) stock with an uptick to downtick ratio was recorded at 1.27. Transactions worth $37.62 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $29.55 million. The total money flow into the stock was $8.07 million. The block trades reveal a bullish bias with an up-down ratio of 3.12. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $14.86 million of block transactions on upticks. The value of block trades on downticks was $4.77 million, indicating lower selling interest. The total money flow in block trades was $10.09 million. In terms of price action, Thermo Fisher Scientific Inc (TMO) traded down $1.97 during the session at $155.49. Compared to the previous days closing, the stock was down only by -1.25%. For the week, the stock is -1.28%, over previous weeks closing.


Thermo Fisher Scientific, Inc. has lost 0.35% in the last five trading days and dropped 0.68% in the last 4 weeks. Thermo Fisher Scientific, Inc. is up 3.92% in the last 3-month period. Year-to-Date the stock performance stands at 10.18%.

Thermo Fisher Scientific Inc (NYSE:TMO): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $155.69 and $155.29 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $156.46. The buying momentum continued till the end and the stock did not give up its gains. It closed at $155.97, notching a gain of 0.31% for the day. The total traded volume was 959,130 . The stock had closed at $155.49 on the previous day.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Sr. VP, Gen. Counsel & Sec.) of Thermo Fisher Scientific Inc., Hoogasian Seth H had sold 5,023 shares worth of $783,588 in a transaction dated August 10, 2016. In this transaction, 5,023 shares were sold at $156 per share.

Thermo Fisher Scientific Inc. is a provider of analytical instruments, equipment, reagents and consumables, software and services for research, manufacturing, analysis, discovery and diagnostics. The company operates through four segments: Life Sciences Solutions, provides reagents, instruments and consumables used in biological and medical research, discovery and production of new drugs and vaccines as well as diagnosis of disease; Analytical Instruments, provides instruments, consumables, software and services that are used in the laboratory; Specialty Diagnostics, offers diagnostic test kits, reagents, culture media, instruments and associated products, and Laboratory Products and Services, offers self-manufactured and sourced products for the laboratory.

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