Thermo Fisher Scientific Inc (TMO) has risen sharply, recording gains of 7.94% in the past 4 weeks. However, the stock has corrected -0.1% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.11% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Thermo Fisher Scientific Inc (NYSE:TMO): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $156.82 and $156.02 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $157.37. The buying momentum continued till the end and the stock did not give up its gains. It closed at $156.89, notching a gain of 0.44% for the day. The total traded volume was 901,937 . The stock had closed at $156.20 on the previous day.
The stock has recorded a 20-day Moving Average of 3.7% and the 50-Day Moving Average is 4.16%. Thermo Fisher Scientific, Inc. is up 6.94% in the last 3-month period. Year-to-Date the stock performance stands at 10.83%.
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.