Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Medtronic Plc shares valued at $2,100,633 were purchased by PARKHILL KAREN L on Oct 24 ’24. At $92.49 per share, PARKHILL KAREN L acquired 22,712 shares.
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Also, PARKHILL KAREN L purchased 23,848 shares, netting a total of over 2,188,205 in proceeds.
Before that, PARKHILL KAREN L had added 48,825 shares to its account. In a trade valued at $4,479,310, the Former BOD bought Medtronic Plc shares for $91.74 each.
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 1.34%. Over the course of the year, Medtronic Plc shares have jumped approximately 10.45%. Shares of the company reached a 52-week high of $92.68 on 10/24/24 and a 52-week low of $75.96 on 07/09/24. A 50-day SMA is recorded $89.09, while a 200-day SMA reached $84.31. Nevertheless, trading volume fell to 3.81 million shares from 6.84 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 90.39, which, if violated, would cause prices to drop to 89.80. In the upper region, resistance lies at 92.13. The next price resistance is at 93.28. RSI (Relative Strength Index) is 56.72 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.53, which suggests the price will increase in the coming days. Percent R is at 29.14%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
