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Intuitive Surgical Inc [ISRG] CEO makes an insider purchase of 18,151 shares worth 9.29 million.

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Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Intuitive Surgical Inc shares valued at $9,286,674 were sold by GUTHART GARY S on Oct 30 ’24. At $511.63 per share, GUTHART GARY S sold 18,151 shares. The insider’s holdings dropped to 24,219 shares worth approximately $12.2 million following the completion of this transaction.

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Also, GUTHART GARY S sold 7,440 shares, netting a total of over 3,799,129 in proceeds. Following the sale of shares at $510.64 each, the insider now holds 19,920 shares.

Before that, GARY S GUTHART had added 18,151 shares to its account. In a trade valued at $9,286,672, the Officer bought Intuitive Surgical Inc shares for $511.63 each.

As published in a research note from Redburn Atlantic on August 02, 2024, Intuitive Surgical Inc [ISRG] has been rated up from a Neutral to a Buy and the price target has been revised to $510 from $380. Analysts at Citigroup resumed the stock at ‘”a Buy”‘ outlook in a report released in early July. As of May 30, 2024, Goldman has initiated its “Buy” rating for ISRG. Earlier on November 17, 2023, HSBC Securities initiated its rating. Their recommendation was “a Buy” for ISRG stock.

Analyzing ISRG Stock Performance

During the last five days, there has been a drop of approximately -1.52%. Over the course of the year, Intuitive Surgical Inc shares have jumped approximately 49.35%. Shares of the company reached a 52-week high of $523.34 on 10/18/24 and a 52-week low of $320.26 on 01/04/24. A 50-day SMA is recorded $489.97, while a 200-day SMA reached $427.83. Nevertheless, trading volume fell to 1.42 million shares from 1.11 million shares the previous day.

Support And Resistance Levels for Intuitive Surgical Inc (ISRG)

According to the 24-hour chart, there is a support level at 499.32, which, if violated, would cause prices to drop to 494.80. In the upper region, resistance lies at 509.71. The next price resistance is at 515.58. RSI (Relative Strength Index) is 53.83 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 7.44, which suggests the price will increase in the coming days. Percent R is at 38.07%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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