Medtronic Plc’s recent filing unveils that its Former Officer PARKHILL KAREN L acquired Company’s shares for reported $0.24 million on Aug 26 ’24. In the deal valued at $90.00 per share,2,668 shares were bought.
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Then, Martha Geoffrey sold 19,113 shares, generating $1,601,001 in total proceeds. Upon selling the shares at $83.77, the Chairman and CEO now owns 143,348 shares.
Before that, Marinaro Michael sold 854 shares. Medtronic Plc shares valued at $71,002 were divested by the EVP & President, Surgical OU at a price of $83.14 per share. As a result of the transaction, Marinaro Michael now holds 27,925 shares, worth roughly $2.43 million.
Oppenheimer reiterated its Medtronic Plc [MDT] rating to a Perform in a research note published on August 21, 2024; the price target was $94. A number of analysts have revised their coverage, including UBS’s analysts, who increased its forecast for the stock in mid August from “a Sell” to “a Neutral”. Stifel also remained covering MDT and has decreased its forecast on August 14, 2024 with a “Hold” recommendation from previously “Buy” rating. Goldman started covering the stock on May 30, 2024. It rated MDT as “a Sell”.
Price Performance Review of MDT
On Monday, Medtronic Plc [NYSE:MDT] saw its stock fall -1.38% to $87.04. Over the last five days, the stock has lost -3.32%. Medtronic Plc shares have risen nearly 5.66% since the year began. Nevertheless, the stocks have risen 14.30% over the past one year. While a 52-week high of $91.49 was reached on 09/04/24, a 52-week low of $68.84 was recorded on 07/09/24. SMA at 50 days reached $86.74, while 200 days put it at $83.86.
Levels Of Support And Resistance For MDT Stock
The 24-hour chart illustrates a support level at 86.62, which if violated will result in even more drops to 86.20. On the upside, there is a resistance level at 87.72. A further resistance level may holdings at 88.40. The Relative Strength Index (RSI) on the 14-day chart is 41.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.49%. Stochastics %K at 13.87% indicates the stock is a buying.
How much short interest is there in Medtronic Plc?
A steep rise in short interest was recorded in Medtronic Plc stocks on 2024-09-13, dropping by -2.14 million shares to a total of 12.7 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 14.84 million shares. There was a decline of -16.87%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 19, 2023 when Robert W. Baird began covering the stock and recommended ‘”a Neutral”‘ rating along with a $90 price target.
