Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Stryker Corp. shares valued at $2,696,186 were sold by Fink M Kathryn on Sep 17 ’24. At $366.98 per share, Fink M Kathryn sold 7,347 shares. The insider’s holdings dropped to 10,042 shares worth approximately $3.61 million following the completion of this transaction.
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Also, Fink M Kathryn sold 2,121 shares, netting a total of over 784,770 in proceeds. Following the sale of shares at $370.00 each, the insider now holds 10,042 shares.
Before that, Fink M Kathryn had added 7,347 shares to its account. In a trade valued at $2,727,133, the Officer bought Stryker Corp. shares for $371.19 each.
As published in their initiating research note from Wolfe Research on September 10, 2024, Stryker Corp. [SYK] has been an Outperform and the price target has been revised to $405. Analysts at Goldman started covering the stock with ‘”a Neutral”‘ outlook in a report released in late May. As of May 22, 2024, Needham has increased its “Hold” rating to a “Buy” for SYK. Earlier on January 31, 2024, Canaccord Genuity upgraded its rating. Their new recommendation was “a Buy” for SYK stock which previously was a “a Hold”.
Analyzing SYK Stock Performance
During the last five days, there has been a surge of approximately 1.80%. Over the course of the year, Stryker Corp. shares have jumped approximately 20.13%. Shares of the company reached a 52-week high of $374.63 on 09/16/24 and a 52-week low of $292.43 on 01/03/24. A 50-day SMA is recorded $354.27, while a 200-day SMA reached $341.36. Nevertheless, trading volume fell to 0.81 million shares from 0.8 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 357.67, which, if violated, would cause prices to drop to 355.61. In the upper region, resistance lies at 363.16. The next price resistance is at 366.59. RSI (Relative Strength Index) is 54.38 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.65, which suggests the price will increase in the coming days. Percent R is at 25.11%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
