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Thermo Fisher Scientific Inc. (TMO) Shares Soar 8.17% After Recent Low
Generated by AI AgentAinvest Movers Radar
Wednesday, Apr 9, 2025 8:33 pm ET1min read
Thermo Fisher Scientific Inc. (TMO) shares surged 8.17% today, marking a significant rebound after the stock price fell to its lowest level since September 2020, with an intraday decline of 2.26%.
RBC Capital recently adjusted its price target for
, lowering it from $694 to $651 while maintaining an Outperform rating. This adjustment reflects the firm's assessment of the company's current market conditions and future prospects.Additionally, Thermo Fisher Scientific's officer, Marc Casper, sold 18,000 shares on March 4-5, 2025, at an average price of $518.16. This insider trading activity could have influenced investor sentiment and contributed to the stock's recent volatility.
Over the past 12 months,
(TMO) stock has seen a total return of -27.34%, significantly underperforming the S&P 500, which had a return of -1.53%. Year-to-date, is down 19.33%. These performance metrics highlight the challenges the company has faced in maintaining its market position and investor confidence.
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