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. Stryker Corp shares valued at $21,100,000 were purchased by Kevin Lobo on Nov 07 ’24. At $368.15 per share, Kevin Lobo acquired 57,313 shares.
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Also, STRYKER RONDA E sold 230,000 shares, netting a total of over 84,494,990 in proceeds. Following the sale of shares at $367.37 each, the insider now holds 3,086,608 shares.
Before that, STRYKER RONDA E had added 230,000 shares to its account. In a trade valued at $83,950,000, the Director bought Stryker Corp shares for $365.00 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 3.80%. Over the course of the year, Stryker Corp shares have jumped approximately 23.50%. Shares of the company reached a 52-week high of $376.04 on 11/06/24 and a 52-week low of $292.43 on 01/03/24. A 50-day SMA is recorded $361.09, while a 200-day SMA reached $345.58. Nevertheless, trading volume fell to 0.85 million shares from 1.37 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 367.19, which, if violated, would cause prices to drop to 364.54. In the upper region, resistance lies at 371.41. The next price resistance is at 372.98. RSI (Relative Strength Index) is 59.15 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 6.23, which suggests the price will increase in the coming days. Percent R is at 25.09%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
