Why Merit Medical Systems Stock Is Falling Today [The Motley Fool]
Merit Medical Systems, Inc. (MMSI)
Last merit medical systems, inc. earnings: 4/23 04:01 pm
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merit.com/investors
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Source: The Motley Fool
Why Merit Medical Systems Stock Is Falling Today Shares tank after the company receives an analyst downgrade and an SEC filing reveals that an important insider has been selling. Shares of Merit Medical Systems ( NASDAQ:MMSI ) , a manufacturer of disposable medical devices, fell as much as 17% in early morning trading on Tuesday. The stock was down about 9% as of 11:05 a.m. EDT. Traders are knocking down the share price in reaction to two news items. First, Jayson Bedford, an analyst at Raymond James, downgraded the stock from outperform to market perform. Second, a Securities and Exchange Commission (SEC) filing showed that Fred Lampropoulos -- Merit's CEO -- sold about $5 million worth of stock on Sept. 6 at just over $30 per share. Wall Street is taking down the share price again in response to the news. This has been a brutal year for Merit shareholders. The stock is down by 50% since January, with most of those losses coming in just the last few months. I normally don't place to
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MMSI
News
- Merit Medical Systems, Inc. (NASDAQ: MMSI) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Merit Medical (MMSI) Earnings Expected to Grow: Should You Buy? [Yahoo! Finance]Yahoo! Finance
- Smart Syringe Market Analysis Report 2024: Global Trends, Forecast and Competitive Analysis to 2030 Featuring Nipro, Terumo, Merit Medical Systems, Gerresheimer, BD & Co, Revolutions Medical [Yahoo! Finance]Yahoo! Finance
- Merit Medical Systems, Inc. (NASDAQ: MMSI) had its "outperform" rating re-affirmed by analysts at Barrington Research. They now have a $98.00 price target on the stock.MarketBeat
- Merit Medical Systems, Inc. (NASDAQ: MMSI) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
MMSI
Earnings
- 2/28/24 - Beat
MMSI
Sec Filings
- 4/2/24 - Form ARS/A
- 4/2/24 - Form ARS
- 4/2/24 - Form DEFA14A
- MMSI's page on the SEC website