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Checking in on Intuitive Surgical Inc (ISRG) after recent insiders movement

In a filing, Intuitive Surgical Inc revealed its EVP & Chief Medical Officer Curet Myriam unloaded Company’s shares for reported $1.97 million on Apr 23 ’24. In the deal valued at $370.66 per share,5,318 shares were sold. As a result of this transaction, Curet Myriam now holds 298 shares worth roughly $0.11 million.

Then, LEVY ALAN J sold 2,000 shares, generating $741,398 in total proceeds. Upon selling the shares at $370.70, the Director now owns 25,319 shares.

Before that, Widman Fredrik sold 5,041 shares. Intuitive Surgical Inc shares valued at $2,001,630 were divested by the VP Corporate Controller at a price of $397.07 per share. As a result of the transaction, Widman Fredrik now holds 110 shares, worth roughly $41286.299999999996.

HSBC Securities initiated its Intuitive Surgical Inc [ISRG] rating to a Buy in a research note published on November 17, 2023; the price target was $318. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who began to cover the stock in mid July with a ‘”an Outperform”‘ rating. Wells Fargo also remained covering ISRG and reiterated its “an Overweight” recommendation on April 19, 2023. Truist maintained its rating on April 19, 2023. It rated ISRG as “a Buy”.

Price Performance Review of ISRG

On Friday, Intuitive Surgical Inc [NASDAQ:ISRG] saw its stock jump 0.59% to $375.33. Over the last five days, the stock has gained 2.45%. Intuitive Surgical Inc shares have risen nearly 11.26% since the year began. Nevertheless, the stocks have risen 27.25% over the past one year. While a 52-week high of $403.76 was reached on 03/27/24, a 52-week low of $254.85 was recorded on 01/04/24. SMA at 50 days reached $385.82, while 200 days put it at $333.78. A total of 0.93 million shares were traded, compared to the trading of 77799.0 shares in the previous session.

Levels Of Support And Resistance For ISRG Stock

The 24-hour chart illustrates a support level at 369.68, which if violated will result in even more drops to 364.02. On the upside, there is a resistance level at 379.41. A further resistance level may holdings at 383.48. The Relative Strength Index (RSI) on the 14-day chart is 44.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.73, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.02%. Stochastics %K at 35.67% indicates the stock is a holding.

The most recent change occurred on April 19, 2023 when Stifel resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $315.

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