Director Johnson Amal M sold 6,375 shares of Intuitive Surgical Inc. [ISRG]

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Intuitive Surgical Inc. shares valued at $1,343,584 were sold by Johnson Amal M on Sep 08. At $210.76 per share, Johnson Amal M sold 6,375 shares. The insider’s holdings dropped to 11,224 shares worth approximately $2.14 million following the completion of this transaction.

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Also, Ladd Amy L sold 600 shares, netting a total of over 142,218 in proceeds. Following the sale of shares at $237.03 each, the insider now holds 720 shares.

Before that, Johnson Amal M had sold 6,375 shares from its account. In a trade valued at $1,517,487, the Director traded Intuitive Surgical Inc. shares for $238.04 each. Upon closing the transaction, the insider’s holdings decreased to 6,375 shares, worth approximately $2.14 million.

As published in their initiating research note from Truist on April 13, 2022, Intuitive Surgical Inc. [ISRG] has been a Buy and the price target has been revised to $360. This represents a 46.92% premium over Thursday’s closing price. Analysts at Wolfe Research started covering the stock with ‘”a Peer perform”‘ outlook in a report released in early April. As of March 25, 2022, RBC Capital Mkts has initiated its “an Outperform” rating for ISRG.

Analyzing ISRG’s Price Performance

On Thursday, Intuitive Surgical Inc. [NASDAQ: ISRG] plunged -2.03% to $191.08. The stock’s lowest price that day was $189.08, but it reached a high of $194.45 in the same session. During the last five days, there has been a drop of approximately -8.84%. Over the course of the year, Intuitive Surgical Inc. shares have dropped approximately -46.82%. Shares of the company reached a 52-week high of $362.00 on 01/04/22 and a 52-week low of $186.83 on 06/16/22. A 50-day SMA is recorded $219.32, while a 200-day SMA reached $257.66. Nevertheless, trading volume fell to 1.9 million shares from 1.58 million shares the previous day.

Support And Resistance Levels for Intuitive Surgical Inc. (ISRG)

According to the 24-hour chart, there is a support level at 188.62, which, if violated, would cause prices to drop to 186.17. In the upper region, resistance lies at 193.99. The next price resistance is at 196.91. RSI (Relative Strength Index) is 29.90 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -11.99, which suggests the price will decrease in the coming days. Percent R is at 94.17%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Intuitive Surgical Inc. subject to short interest?

Stocks of Intuitive Surgical Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 70000.0 shares to 3.64 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 3.57 million shares. A jump of 1.92% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.93 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.93.

Which companies own the most shares of Intuitive Surgical Inc. (ISRG)?

According to The Vanguard Group, Inc. filings, the company currently owns 27,528,452 shares, which is about 7.71% of the total ISRG shares outstanding. The investor’s shares have appreciated by 453,959 from its previous 13-F filing of 27074493.0 shares. With the completion of the buy transaction, T. Rowe Price Associates, Inc.’s stake is now worth $5,286,023,299. BlackRock Fund Advisors acquire a 2.04% interest valued at $3.41 billion while SSgA Funds Management, Inc. purchased a 38,293 stake. A total of -592,610 shares of Intuitive Surgical Inc. were bought by Edgewood Management LLC during the quarter, and -2,317,601 were sold by Capital Research & Management Co. In its current portfolio, AllianceBernstein LP holds 7,224,818 shares valued at $1.49 billion.

In terms of Intuitive Surgical Inc. share price expectations, FactSet research, analysts set an average price target of $250.87 in the next 12 months, up nearly 30.74% from the previous closing price of $195.04. Analysts anticipate Intuitive Surgical Inc. stock to reach $325.00 by 2022, with the lowest price target being $175.00. In spite of this, 21 analysts ranked Intuitive Surgical Inc. stock as an Overweight at the end of 2022. On February 02, 2022, UBS assigned a price target of “a Buy” to the stock and upgraded coverage with a $325.


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