TMO Institutional & Insider Stock Sell-Offs Upset Market: How to Play
Thermo Fisher Scientific(TMO) ZACKS·2024-12-11 16:41
With talk about the sell-off of Thermo Fisher Scientific’s (TMO) shares by institutional investors and company insiders, market sentiment toward the company seems bearish. The stock has lost 12.7% in the past three months, and despite the company’s recent completion of a $1 billion share repurchase and several other positive developments, the recuperation might take a little time.In the past three months, the stock has underperformed the broader industry’s 2.9% drop and the medical sector’s 9.8% decline. Th ...