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. Medtronic Plc shares valued at $4,958,718 were purchased by PARKHILL KAREN L on Oct 17 ’24. At $89.87 per share, PARKHILL KAREN L acquired 55,179 shares.
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Also, PARKHILL KAREN L purchased 2,668 shares, netting a total of over 240,120 in proceeds.
Before that, Martha Geoffrey had sold 19,113 shares from its account. In a trade valued at $1,601,001, the Chairman and CEO traded Medtronic Plc shares for $83.77 each. Upon closing the transaction, the insider’s holdings decreased to 19,113 shares, worth approximately $12.87 million.
As published in a research note from RBC Capital Mkts on October 10, 2024, Medtronic Plc [MDT] has been rated up from a Sector perform to an Outperform and the price target has been revised to $105 from $98. Analysts at Oppenheimer resumed the stock at ‘”a Perform”‘ outlook in a report released in late August. As of August 15, 2024, UBS has increased its “Sell” rating to a “Neutral” for MDT. Earlier on August 14, 2024, Stifel downgraded its rating. Their new recommendation was “a Hold” for MDT stock which previously was a “a Buy”.
Analyzing MDT Stock Performance
During the last five days, there has been a surge of approximately 1.06%. Over the course of the year, Medtronic Plc shares have jumped approximately 8.99%. Shares of the company reached a 52-week high of $91.49 on 09/04/24 and a 52-week low of $75.96 on 07/09/24. A 50-day SMA is recorded $88.12, while a 200-day SMA reached $84.14. Nevertheless, trading volume fell to 5.37 million shares from 3.77 million shares the previous day.
Support And Resistance Levels for Medtronic Plc (MDT)
According to the 24-hour chart, there is a support level at 89.56, which, if violated, would cause prices to drop to 89.34. In the upper region, resistance lies at 90.08. The next price resistance is at 90.38. RSI (Relative Strength Index) is 56.56 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.83, which suggests the price will decrease in the coming days. Percent R is at 19.62%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
