In a filing, Stryker Corp. revealed its VP, Chief Legal Officer Fletcher Robert S unloaded Company’s shares for reported $0.67 million on May 22 ’24. In the deal valued at $332.99 per share,2,007 shares were sold. As a result of this transaction, Fletcher Robert S now holds 8,896 shares worth roughly $2.95 million.
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Then, Boehnlein Glenn S sold 10,000 shares, generating $3,276,516 in total proceeds. Upon selling the shares at $327.65, the VP, Chief Financial Officer now owns 15,012 shares.
Before that, Berry William E Jr sold 7,690 shares. Stryker Corp. shares valued at $2,756,730 were divested by the VP, Chief Accounting Officer at a price of $358.48 per share. As a result of the transaction, Berry William E Jr now holds 3,675 shares, worth roughly $1.22 million.
Goldman initiated its Stryker Corp. [SYK] rating to a Neutral in a research note published on May 30, 2024; the price target was $372. A number of analysts have revised their coverage, including Needham’s analysts, who increased its forecast for the stock in late May from “a Hold” to “a Buy”. Canaccord Genuity also remained covering SYK and has increased its forecast on January 31, 2024 with a “Buy” recommendation from previously “Hold” rating. ROTH MKM started covering the stock on October 20, 2023. It rated SYK as “a Buy”.
Price Performance Review of SYK
On Friday, Stryker Corp. [NYSE:SYK] saw its stock jump 1.29% to $331.67. Over the last five days, the stock has lost -2.72%. Stryker Corp. shares have risen nearly 10.76% since the year began. Nevertheless, the stocks have risen 14.32% 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 $338.67, while 200 days put it at $321.59. A total of 1.66 million shares were traded, compared to the trading of 1.7 million shares in the previous session.
Levels Of Support And Resistance For SYK Stock
The 24-hour chart illustrates a support level at 326.65, which if violated will result in even more drops to 321.63. On the upside, there is a resistance level at 335.38. A further resistance level may holdings at 339.09. The Relative Strength Index (RSI) on the 14-day chart is 44.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.74, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.46%. Stochastics%K at 34.18% indicates the stock is a holding.
