Thermo Fisher Scientific Inc (TMO) : Traders are getting increasingly bearish on Thermo Fisher Scientific Inc (TMO), as can be seen in the addition of short positions from 5,145,050 on Jul 29, 2016, to 5,171,083 on August 15, 2016. The net change in shorts is 26,033 shares, an increase of 0.5%. 5 days remain before the expiry. The 1.3% of outstanding short positions on the stock compared to its float, shows that traders expect the stock to fall from the current levels. The daily volume of the stock is 1,007,714. The short interest information was released on Wednesday Aug 24th after the market close.
Thermo Fisher Scientific Inc (NYSE:TMO): The stock opened at $154.36 on Wednesday but the bulls could not build on the opening and the stock topped out at $154.50 for the day. The stock traded down to $150.78 during the day, due to lack of any buying support eventually closed down at $151.26 with a loss of -2.13% for the day. The stock had closed at $154.55 on the previous day. The total traded volume was 1,496,125 shares.
In a related news,The director officer (Chief Executive Officer) of Thermo Fisher Scientific Inc., Casper Marc N sold 25,000 shares at $155.98 on August 15, 2016. The Insider selling transaction had a total value worth of $3,899,500. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.