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A company insider recently sold 450 shares of Intuitive Surgical Inc [ISRG]. Should You Sale?

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Intuitive Surgical Inc shares valued at $220,626 were sold by Ladd Amy L on Sep 13 ’24. At $490.28 per share, Ladd Amy L sold 450 shares. The insider’s holdings dropped to 821 shares worth approximately $0.4 million following the completion of this transaction.

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Also, Brosius Mark sold 2,115 shares, netting a total of over 1,040,390 in proceeds. Following the sale of shares at $491.91 each, the insider now holds 295 shares.

Before that, AMY L LADD had added 450 shares to its account. In a trade valued at $220,626, the Director bought Intuitive Surgical Inc shares for $490.28 each.

As published in a research note from Redburn Atlantic on August 02, 2024, Intuitive Surgical Inc [ISRG] has been rated up from a Neutral to a Buy and the price target has been revised to $510 from $380. Analysts at Citigroup resumed the stock at ‘”a Buy”‘ outlook in a report released in early July. As of May 30, 2024, Goldman has initiated its “Buy” rating for ISRG. Earlier on November 17, 2023, HSBC Securities initiated 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 -0.81%. Over the course of the year, Intuitive Surgical Inc shares have jumped approximately 45.25%. Shares of the company reached a 52-week high of $496.18 on 09/13/24 and a 52-week low of $320.26 on 01/04/24. A 50-day SMA is recorded $466.19, while a 200-day SMA reached $403.58. Nevertheless, trading volume fell to 1.22 million shares from 0.98 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 487.08, which, if violated, would cause prices to drop to 484.15. In the upper region, resistance lies at 492.84. The next price resistance is at 495.67. RSI (Relative Strength Index) is 58.18 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.03, which suggests the price will decrease in the coming days. Percent R is at 20.44%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

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