The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Intuitive Surgical Inc shares valued at $141,147 were sold by DeSantis Robert on Apr 29 ’24. At $375.39 per share, DeSantis Robert sold 376 shares. The insider’s holdings dropped to 5,507 shares worth approximately $2.05 million following the completion of this transaction.
Also, DeSantis Robert sold 1,498 shares, netting a total of over 554,146 in proceeds. Following the sale of shares at $369.92 each, the insider now holds 5,507 shares.
Before that, Curet Myriam had sold 5,318 shares from its account. In a trade valued at $1,971,160, the EVP & Chief Medical Officer traded Intuitive Surgical Inc shares for $370.66 each. Upon closing the transaction, the insider’s holdings decreased to 5,318 shares, worth approximately $0.11 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 -0.88%. Over the course of the year, Intuitive Surgical Inc shares have jumped approximately 10.18%. 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 $385.42, while a 200-day SMA reached $334.09. Nevertheless, trading volume fell to 0.94 million shares from 1.21 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 367.03, which, if violated, would cause prices to drop to 362.37. In the upper region, resistance lies at 377.93. The next price resistance is at 384.17. RSI (Relative Strength Index) is 42.19 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.12, which suggests the price will decrease in the coming days. Percent R is at 73.22%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
