In a filing, Stryker Corp. revealed its VP, Chief HR Officer Fink M Kathryn unloaded Company’s shares for reported $2.7 million on Sep 17 ’24. In the deal valued at $366.98 per share,7,347 shares were sold. As a result of this transaction, Fink M Kathryn now holds 10,042 shares worth roughly $3.47 million.
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Then, Fink M Kathryn sold 2,121 shares, generating $784,770 in total proceeds. Upon selling the shares at $370.00, the VP, Chief HR Officer now owns 10,042 shares.
Before that, Fink M Kathryn bought 7,347 shares. Stryker Corp. shares valued at $2,727,133 were divested by the Officer at a price of $371.19 per share.
Wolfe Research initiated its Stryker Corp. [SYK] rating to an Outperform in a research note published on September 10, 2024; the price target was $405. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in late May with a ‘”a Neutral”‘ rating. Needham also remained covering SYK and has increased its forecast on May 22, 2024 with a “Buy” recommendation from previously “Hold” rating. Canaccord Genuity revised its rating on January 31, 2024. It rated SYK as “a Buy” which previously was an “a Hold”.
Price Performance Review of SYK
On Monday, Stryker Corp. [NYSE:SYK] saw its stock fall -1.73% to $345.14. Over the last five days, the stock has lost -4.46%. Stryker Corp. shares have risen nearly 15.25% since the year began. Nevertheless, the stocks have risen 30.33% over the past one year. While a 52-week high of $374.63 was reached on 09/16/24, a 52-week low of $249.98 was recorded on 01/03/24. SMA at 50 days reached $349.47, while 200 days put it at $338.96.
Levels Of Support And Resistance For SYK Stock
The 24-hour chart illustrates a support level at 342.76, which if violated will result in even more drops to 340.37. On the upside, there is a resistance level at 348.72. A further resistance level may holdings at 352.29. The Relative Strength Index (RSI) on the 14-day chart is 34.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -9.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.20%. Stochastics %K at 7.27% indicates the stock is a buying.
How much short interest is there in Stryker Corp.?
A steep rise in short interest was recorded in Stryker Corp. stocks on 2024-09-13, growing by 0.52 million shares to a total of 4.27 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 3.75 million shares. There was a rise of 12.28%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on October 20, 2023 when ROTH MKM began covering the stock and recommended ‘”a Buy”‘ rating along with a $345 price target.
