Stryker Corp.’s recent filing unveils that its VP, Chief Accounting Officer Berry William E Jr unloaded Company’s shares for reported $2.76 million on Mar 07 ’24. In the deal valued at $358.48 per share,7,690 shares were sold. As a result of this transaction, Berry William E Jr now holds 3,675 shares worth roughly $1.29 million.
Then, Boehnlein Glenn S sold 9,600 shares, generating $3,290,952 in total proceeds. Upon selling the shares at $342.81, the VP, Chief Financial Officer now owns 20,194 shares.
Before that, STRYKER RONDA E sold 92,296 shares. Stryker Corp. shares valued at $31,376,021 were divested by the Director at a price of $339.95 per share. As a result of the transaction, STRYKER RONDA E now holds 3,662,832 shares, worth roughly $1.28 billion.
Canaccord Genuity upgraded its Stryker Corp. [SYK] rating to a Buy from a a Hold in a research note published on January 31, 2024; the price target was increased to $360 from $315. A number of analysts have revised their coverage, including ROTH MKM’s analysts, who began to cover the stock in mid October with a ‘”a Buy”‘ rating. BofA Securities also remained covering SYK and has increased its forecast on September 05, 2023 with a “Buy” recommendation from previously “Neutral” rating. UBS started covering the stock on March 29, 2023. It rated SYK as “a Neutral”.
Price Performance Review of SYK
On Monday, Stryker Corp. [NYSE:SYK] saw its stock fall -0.36% to $349.75. Over the last five days, the stock has lost -1.39%. Stryker Corp. shares have risen nearly 16.79% since the year began. Nevertheless, the stocks have risen 21.43% over the past one year. While a 52-week high of $361.41 was reached on 03/11/24, a 52-week low of $249.98 was recorded on 01/03/24. SMA at 50 days reached $348.14, while 200 days put it at $302.36. A total of 0.77 million shares were traded, compared to the trading of 98865.0 shares in the previous session.
Levels Of Support And Resistance For SYK Stock
The 24-hour chart illustrates a support level at 347.78, which if violated will result in even more drops to 345.80. On the upside, there is a resistance level at 351.36. A further resistance level may holdings at 352.96. The Relative Strength Index (RSI) on the 14-day chart is 48.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.95%. Stochastics %K at 20.15% indicates the stock is a holding.
How much short interest is there in Stryker Corp.?
A steep rise in short interest was recorded in Stryker Corp. stocks on Mar 15, 2024, growing by 30000.0 shares to a total of 3.8 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 3.77 million shares. There was a rise of 0.79%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.05% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.27.
The most recent change occurred on January 25, 2023 when KeyBanc Capital Markets began covering the stock and recommended ‘”a Sector weight”‘ rating .
