Thermo Fisher Scientific Inc (TMO) Shares are Down -1.28%

Thermo Fisher Scientific Inc (TMO) : During the past 4 weeks, traders have been relatively bearish on Thermo Fisher Scientific Inc (TMO), hence the stock is down -2% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.34% relative to the S&P 500. The 4-week change in the price of the stock is -0.99% and the stock has fallen -1.28% in the past 1 week.

The stock has recorded a 20-day Moving Average of 1.17% and the 50-Day Moving Average is 1.69%. Thermo Fisher Scientific Inc (NYSE:TMO): On Fridays trading session , Opening price of the stock was $156.77 with an intraday high of $156.835. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $155.05. However, the stock managed to close at $155.49, a loss of 1.25% for the day. On the previous day, the stock had closed at $157.46. The total traded volume of the day was 864,697 shares.


The company Insiders own 0.52% of Thermo Fisher Scientific Inc shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -8% . Institutional Investors own 88.72% of Thermo Fisher Scientific Inc shares. During last six month period, the net percent change held by insiders has seen a change of -9.15%. Also, In the latest statement by the brokerage house, Citigroup maintains its outlook on Thermo Fisher Scientific Inc (NYSE:TMO). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm raises the price target from $160 per share to $182 per share. The rating by the firm was issued on July 29, 2016.

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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