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. Stryker Corp. shares valued at $61,457,149 were sold by STRYKER RONDA E on Aug 06 ’24. At $323.46 per share, STRYKER RONDA E sold 190,000 shares. The insider’s holdings dropped to 3,316,608 shares worth approximately $1.1 billion following the completion of this transaction.
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Also, STRYKER RONDA E purchased 190,000 shares, netting a total of over 61,265,500 in proceeds.
Before that, Boehnlein Glenn S had sold 20,000 shares from its account. In a trade valued at $6,660,000, the VP, Chief Financial Officer traded Stryker Corp. shares for $333.00 each. Upon closing the transaction, the insider’s holdings decreased to 20,000 shares, worth approximately $0.95 million.
As published in their initiating research note from Goldman on May 30, 2024, Stryker Corp. [SYK] has been a Neutral and the price target has been revised to $372. Analysts at Needham upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late May. As of January 31, 2024, Canaccord Genuity has increased its “Hold” rating to a “Buy” for SYK. Earlier on October 20, 2023, ROTH MKM initiated its rating. Their recommendation was “a Buy” for SYK stock.
Analyzing SYK Stock Performance
During the last five days, there has been a surge of approximately 4.09%. Over the course of the year, Stryker Corp. shares have jumped approximately 11.09%. Shares of the company reached a 52-week high of $361.41 on 03/11/24 and a 52-week low of $292.43 on 01/03/24. A 50-day SMA is recorded $336.50, while a 200-day SMA reached $325.72. Nevertheless, trading volume fell to 0.91 million shares from 0.91 million shares the previous day.
Support And Resistance Levels for Stryker Corp. (SYK)
According to the 24-hour chart, there is a support level at 329.64, which, if violated, would cause prices to drop to 326.60. In the upper region, resistance lies at 334.32. The next price resistance is at 335.96. RSI (Relative Strength Index) is 51.64 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.37, which suggests the price will increase in the coming days. Percent R is at 24.76%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
