Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Intuitive Surgical Inc shares valued at $1,971,160 were sold by Curet Myriam on Apr 23 ’24. At $370.66 per share, Curet Myriam sold 5,318 shares. The insider’s holdings dropped to 298 shares worth approximately $0.11 million following the completion of this transaction.
Also, LEVY ALAN J sold 2,000 shares, netting a total of over 741,398 in proceeds. Following the sale of shares at $370.70 each, the insider now holds 25,319 shares.
Before that, Widman Fredrik had sold 5,041 shares from its account. In a trade valued at $2,001,630, the VP Corporate Controller traded Intuitive Surgical Inc shares for $397.07 each. Upon closing the transaction, the insider’s holdings decreased to 5,041 shares, worth approximately $41251.1.
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 0.22%. Over the course of the year, Intuitive Surgical Inc shares have jumped approximately 11.16%. 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 $386.06, while a 200-day SMA reached $333.47. Nevertheless, trading volume fell to 1.32 million shares from 1.86 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 370.69, which, if violated, would cause prices to drop to 366.36. In the upper region, resistance lies at 381.48. The next price resistance is at 387.94. RSI (Relative Strength Index) is 44.00 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -6.46, which suggests the price will decrease in the coming days. Percent R is at 63.24%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
