Thermo Fisher Scientific Reaches $704 and a New 52-Week High
As seen on the 24/7 Wall St. homepage on October 28, 2026.
Thermo Fisher just printed a fresh 52-week high at $704.15, 1.1% above the peak it set on October 15. The $260.6 billion name has now clawed back everything it lost from April's $447 low.
Continue ReadingShow less
Thermo Fisher Scientific set a new 52-week high of $704.15 on October 28, extending above the peak it reached two weeks earlier. The climb has been methodical rather than a single-catalyst surge.
The shares bottomed near $447 in April, and the run to the new 52-week high has erased the full drawdown.
Sponsored
For investors who stepped aside during the spring selloff, the new high signals that the path of least resistance has shifted. Reclaiming and extending a prior peak after a deep trough tends to draw renewed institutional attention, with old resistance now acting as support.
With the $260.6 billion company trading at fresh highs, the question for investors is whether this level holds or the advance continues.
Sources
Mentioned: TMO