The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Intuitive Surgical Inc shares valued at $2,001,630 were sold by Widman Fredrik on Mar 15 ’24. At $397.07 per share, Widman Fredrik sold 5,041 shares. The insider’s holdings dropped to 110 shares worth approximately $42730.6 following the completion of this transaction.
Also, DeSantis Robert sold 329 shares, netting a total of over 128,363 in proceeds. Following the sale of shares at $390.16 each, the insider now holds 5,507 shares.
Before that, Brosius Mark had sold 196 shares from its account. In a trade valued at $76,471, the SVP & Chief Mfg and Supply Cha traded Intuitive Surgical Inc shares for $390.16 each. Upon closing the transaction, the insider’s holdings decreased to 196 shares, worth approximately $0.41 million.
As published in their initiating research note from HSBC Securities on November 17, 2023, Intuitive Surgical Inc [ISRG] has been a Buy and the price target has been revised to $318. Analysts at Robert W. Baird started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid July. As of April 19, 2023, Wells Fargo has reiterated its “an Overweight” rating for ISRG. Earlier on April 19, 2023, Truist resumed its rating. Their recommendation was “a Buy” for ISRG stock.
Analyzing ISRG Stock Performance
During the last five days, there has been a surge of approximately 1.31%. Over the course of the year, Intuitive Surgical Inc shares have jumped approximately 15.15%. Shares of the company reached a 52-week high of $403.76 on 03/27/24 and a 52-week low of $320.26 on 01/04/24. A 50-day SMA is recorded $387.63, while a 200-day SMA reached $331.34. Nevertheless, trading volume fell to 1.19 million shares from 1.12 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 385.49, which, if violated, would cause prices to drop to 382.53. In the upper region, resistance lies at 391.44. The next price resistance is at 394.43. RSI (Relative Strength Index) is 50.09 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.85, which suggests the price will decrease in the coming days. Percent R is at 60.86%, indicating low price movement. Stochastics %K at holding 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 Mar 28, 2024 jumping by 0.11 million shares to 3.41 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 3.3 million shares. A jump of 3.23% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.13 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.13.
