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After finishing at $63.54 in the prior trading day, Solventum Corp (NYSE: SOLV) closed at $61.83, down -2.69%. In other words, the price has decreased by -$2.69 from its previous closing price. On the day, 2.86 million shares were traded. SOLV stock price reached its highest trading level at $63.067 during the session, while it also had its lowest trading level at $60.72.
Ratios:
Our goal is to gain a better understanding of SOLV by taking a closer look at its different ratios.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Morgan Stanley on April 10, 2024, initiated with a Equal-Weight rating and assigned the stock a target price of $70.
On April 08, 2024, Wells Fargo started tracking the stock assigning a Equal Weight rating and target price of $69.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SOLV now has a Market Capitalization of 10678597632.
Stock Price History:
Over the past 52 weeks, SOLV has reached a high of $96.05, while it has fallen to a 52-week low of $61.38. The 50-Day Moving Average of the stock is -6.22%, while the 200-Day Moving Average is calculated to be -6.22%.
Shares Statistics:
The stock has traded on average 3.26M shares per day over the past 3-months and 1768920 shares per day over the last 10 days, according to various share statistics. A total of 172.47M shares are outstanding, with a floating share count of 138.34M. Insiders hold about 19.90% of the company’s shares, while institutions hold 18.40% stake in the company.
