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 $2,691,794 were purchased by PARKHILL KAREN L on Oct 31 ’24. At $89.73 per share, PARKHILL KAREN L acquired 30,000 shares.
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Also, PARKHILL KAREN L purchased 15,000 shares, netting a total of over 1,358,740 in proceeds.
Before that, PARKHILL KAREN L had added 15,000 shares to its account. In a trade valued at $1,367,348, the Former BOD bought Medtronic Plc shares for $91.16 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 drop of approximately -1.91%. Over the course of the year, Medtronic Plc shares have jumped approximately 8.34%. 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 $89.59, while a 200-day SMA reached $84.39. Nevertheless, trading volume fell to 6.86 million shares from 5.33 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 88.85, which, if violated, would cause prices to drop to 88.45. In the upper region, resistance lies at 89.79. The next price resistance is at 90.33. RSI (Relative Strength Index) is 46.44 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.59, which suggests the price will decrease in the coming days. Percent R is at 92.95%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
