Stryker Corp.’s filing revealed 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 $1.25 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 $1.24 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 0.97% to $338.87. Over the last five days, the stock has gained 3.41%. Stryker Corp. shares have risen nearly 13.16% since the year began. Nevertheless, the stocks have risen 13.63% 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 $348.48, while 200 days put it at $305.31. A total of 1.51 million shares were traded, compared to the trading of 1.06 million shares in the previous session.
Levels Of Support And Resistance For SYK Stock
The 24-hour chart illustrates a support level at 335.55, which if violated will result in even more drops to 332.24. On the upside, there is a resistance level at 341.30. A further resistance level may holdings at 343.74. The Relative Strength Index (RSI) on the 14-day chart is 46.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.61, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 44.51%. Stochastics %K at 49.10% indicates the stock is a holding.
The most recent change occurred on January 25, 2023 when KeyBanc Capital Markets began covering the stock and recommended ‘”a Sector weight”‘ rating .
