Intuitive Surgical Inc’s recently made public that its VP Corporate Controller Widman Fredrik unloaded Company’s shares for reported $2.0 million on Mar 15 ’24. In the deal valued at $397.07 per share,5,041 shares were sold. As a result of this transaction, Widman Fredrik now holds 110 shares worth roughly $43088.1.
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Then, DeSantis Robert sold 329 shares, generating $128,363 in total proceeds. Upon selling the shares at $390.16, the EVP & Chief Strategy & Corp Op now owns 5,507 shares.
Before that, Brosius Mark sold 196 shares. Intuitive Surgical Inc shares valued at $76,471 were divested by the SVP & Chief Mfg and Supply Cha at a price of $390.16 per share. As a result of the transaction, Brosius Mark now holds 1,058 shares, worth roughly $0.41 million.
HSBC Securities initiated its Intuitive Surgical Inc [ISRG] rating to a Buy in a research note published on November 17, 2023; the price target was $318. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who began to cover the stock in mid July with a ‘”an Outperform”‘ rating. Wells Fargo also remained covering ISRG and reiterated its “an Overweight” recommendation on April 19, 2023. Truist maintained its rating on April 19, 2023. It rated ISRG as “a Buy”.
Price Performance Review of ISRG
On Monday, Intuitive Surgical Inc [NASDAQ:ISRG] saw its stock fall -0.60% to $391.71. Over the last five days, the stock has lost -0.23%. Intuitive Surgical Inc shares have risen nearly 16.11% since the year began. Nevertheless, the stocks have risen 60.23% over the past one year. While a 52-week high of $403.00 was reached on 03/04/24, a 52-week low of $242.29 was recorded on 01/04/24. SMA at 50 days reached $383.36, while 200 days put it at $327.58. A total of 1.12 million shares were traded, compared to the trading of 1.56 million shares in the previous session.
Levels Of Support And Resistance For ISRG Stock
The 24-hour chart illustrates a support level at 389.17, which if violated will result in even more drops to 386.64. On the upside, there is a resistance level at 395.57. A further resistance level may holdings at 399.44. The Relative Strength Index (RSI) on the 14-day chart is 54.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.88, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 38.75%. Stochastics %K at 63.42% indicates the stock is a holding.
How much short interest is there in Intuitive Surgical Inc?
A steep rise in short interest was recorded in Intuitive Surgical Inc stocks on Feb 29, 2024, growing by 0.33 million shares to a total of 3.3 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 2.97 million shares. There was a rise of 10.0%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 0.93% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.36.
The most recent change occurred on April 19, 2023 when Stifel resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $315.
