Medtronic Plc’s filing revealed that its Former BOD PARKHILL KAREN L acquired Company’s shares for reported $4.48 million on Oct 18 ’24. In the deal valued at $91.74 per share,48,825 shares were bought.
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Then, PARKHILL KAREN L bought 55,179 shares, generating $4,958,718 in total proceeds.
Before that, PARKHILL KAREN L bought 2,668 shares. Medtronic Plc shares valued at $240,120 were divested by the Former Officer at a price of $90.00 per share.
RBC Capital Mkts upgraded its Medtronic Plc [MDT] rating to an Outperform from a a Sector perform in a research note published on October 10, 2024; the price target was increased to $105 from $98. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who remained covering the stock and in late August has reiterated a ‘”a Perform”‘ rating for it. UBS also remained covering MDT and has increased its forecast on August 15, 2024 with a “Neutral” recommendation from previously “Sell” rating. Stifel revised its rating on August 14, 2024. It rated MDT as “a Hold” which previously was an “a Buy”.
Price Performance Review of MDT
On Monday, Medtronic Plc [NYSE:MDT] saw its stock fall -1.31% to $91.03. Over the last five days, the stock has gained 1.13%. Medtronic Plc shares have risen nearly 10.50% since the year began. Nevertheless, the stocks have risen 25.82% over the past one year. While a 52-week high of $92.25 was reached on 10/18/24, a 52-week low of $68.84 was recorded on 07/09/24. SMA at 50 days reached $88.50, while 200 days put it at $84.22.
Levels Of Support And Resistance For MDT Stock
The 24-hour chart illustrates a support level at 90.52, which if violated will result in even more drops to 90.02. On the upside, there is a resistance level at 91.79. A further resistance level may holdings at 92.56. The Relative Strength Index (RSI) on the 14-day chart is 59.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.75, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 22.72%. Stochastics %K at 85.82% indicates the stock is a selling.
How much short interest is there in Medtronic Plc?
A steep rise in short interest was recorded in Medtronic Plc stocks on 2024-09-30, dropping by -5.83 million shares to a total of 10.67 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 16.5 million shares. There was a decline of -54.69%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on May 30, 2024 when Goldman began covering the stock and recommended ‘”a Sell”‘ rating along with a $83 price target.
