Company Shares of Thermo Fisher Scientific Inc (NYSE:TMO) Rally 2.32%

Thermo Fisher Scientific Inc (NYSE:TMO) has been under a strong bear grip, hence the stock is down -1.01% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.02% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.32% in the last 1 week, and is up 0.59% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The company shares have rallied 13.70% from its 1 Year high price. On Jun 9, 2016, the shares registered one year high at $154.81 and the one year low was seen on Sep 28, 2015. The 50-Day Moving Average price is $149.66 and the 200 Day Moving Average price is recorded at $141.30.

The stock has recorded a 20-day Moving Average of 3.12% and the 50-Day Moving Average is 2.69%.


Thermo Fisher Scientific Inc (NYSE:TMO): stock turned positive on Friday. Though the stock opened at $150.47, the bulls momentum made the stock top out at $153.42 level for the day. The stock recorded a low of $150.36 and closed the trading day at $152.69, in the green by 2.44%. The total traded volume for the day was 1,153,713. The stock had closed at $149.06 in the previous days trading.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer (Chief Executive Officer) of Thermo Fisher Scientific Inc., Casper Marc N had sold 20,000 shares worth of $2,959,000 in a transaction dated July 5, 2016. In this transaction, 20,000 shares were sold at $147.95 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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