In the pursuit of market outperformance, investors navigate the landscape of stock selection. The right picks can play a pivotal role in enhancing your wealth.
The price of Solventum Corp (NYSE: SOLV) closed at $64.83 in the last session, down -2.41% from day before closing price of $66.43. In other words, the price has decreased by -$2.41 from its previous closing price. On the day, 3.09 million shares were traded. SOLV stock price reached its highest trading level at $67.5 during the session, while it also had its lowest trading level at $63.489.
Ratios:
We take a closer look at SOLV’s different ratios to gain a better understanding of the stock.
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 11473094656.
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 $60.72. The 50-Day Moving Average of the stock is -1.16%, while the 200-Day Moving Average is calculated to be -1.16%.
Shares Statistics:
According to the various share statistics, SOLV traded on average about 2.83M shares per day over the past 3-months and 1929180 shares per day over the past 10 days. 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 19.15% stake in the company.
