Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 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 $41158.700000000004 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 $0.4 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 drop of approximately -3.68%. Over the course of the year, Intuitive Surgical Inc shares have jumped approximately 10.91%. 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 $332.53. Nevertheless, trading volume fell to 1.63 million shares from 1.6 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 370.30, which, if violated, would cause prices to drop to 366.44. In the upper region, resistance lies at 378.87. The next price resistance is at 383.58. RSI (Relative Strength Index) is 39.63 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -9.06, which suggests the price will decrease in the coming days. Percent R is at 90.34%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
