Stryker Corp.’s recently made public 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 $1.2 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 $1.2 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 jump 0.69% to $327.68. Over the last five days, the stock has lost -3.38%. Stryker Corp. shares have risen nearly 9.42% since the year began. Nevertheless, the stocks have risen 8.47% 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 $349.24, while 200 days put it at $304.31. A total of 1.65 million shares were traded, compared to the trading of 1.88 million shares in the previous session.
Levels Of Support And Resistance For SYK Stock
The 24-hour chart illustrates a support level at 324.48, which if violated will result in even more drops to 321.27. On the upside, there is a resistance level at 330.16. A further resistance level may holdings at 332.63. The Relative Strength Index (RSI) on the 14-day chart is 28.74, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -14.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.38%. Stochastics %K at 5.97% indicates the stock is a buying.
The most recent change occurred on January 25, 2023 when KeyBanc Capital Markets began covering the stock and recommended ‘”a Sector weight”‘ rating .
