Stryker Corp’s recent filing unveils that its Chair and CEO Lobo Kevin unloaded Company’s shares for reported $21.13 million on Nov 07 ’24. In the deal valued at $368.70 per share,57,313 shares were sold. As a result of this transaction, Lobo Kevin now holds 100,027 shares worth roughly $37.9 million.
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Then, Kevin Lobo bought 57,313 shares, generating $21,100,000 in total proceeds.
Before that, STRYKER RONDA E sold 230,000 shares. Stryker Corp shares valued at $84,494,990 were divested by the Director at a price of $367.37 per share. As a result of the transaction, STRYKER RONDA E now holds 3,086,608 shares, worth roughly $1.17 billion.
Wolfe Research initiated its Stryker Corp [SYK] rating to an Outperform in a research note published on September 10, 2024; the price target was $405. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in late May with a ‘”a Neutral”‘ rating. Needham also remained covering SYK and has increased its forecast on May 22, 2024 with a “Buy” recommendation from previously “Hold” rating. Canaccord Genuity revised its rating on January 31, 2024. It rated SYK as “a Buy” which previously was an “a Hold”.
Price Performance Review of SYK
On Monday, Stryker Corp [NYSE:SYK] saw its stock jump 0.77% to $378.86. Over the last five days, the stock has gained 3.26%. Stryker Corp shares have risen nearly 26.51% since the year began. Nevertheless, the stocks have risen 39.88% over the past one year. While a 52-week high of $377.83 was reached on 11/11/24, a 52-week low of $266.93 was recorded on 01/03/24. SMA at 50 days reached $361.82, while 200 days put it at $346.24.
Levels Of Support And Resistance For SYK Stock
The 24-hour chart illustrates a support level at 376.15, which if violated will result in even more drops to 373.45. On the upside, there is a resistance level at 381.55. A further resistance level may holdings at 384.25. The Relative Strength Index (RSI) on the 14-day chart is 66.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 10.01, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.86%. Stochastics %K at 86.34% indicates the stock is a selling.
How much short interest is there in Stryker Corp?
A steep rise in short interest was recorded in Stryker Corp stocks on 2024-10-15, growing by 31003.0 shares to a total of 4.3 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 4.27 million shares. There was a rise of 0.72%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on October 20, 2023 when ROTH MKM began covering the stock and recommended ‘”a Buy”‘ rating along with a $345 price target.
