Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Stryker Corp shares valued at $21,131,479 were sold by Lobo Kevin on Nov 07 ’24. At $368.70 per share, Lobo Kevin sold 57,313 shares. The insider’s holdings dropped to 100,027 shares worth approximately $38.34 million following the completion of this transaction.
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Also, Kevin Lobo purchased 57,313 shares, netting a total of over 21,100,000 in proceeds.
Before that, STRYKER RONDA E had sold 230,000 shares from its account. In a trade valued at $84,494,990, the Director traded Stryker Corp shares for $367.37 each. Upon closing the transaction, the insider’s holdings decreased to 230,000 shares, worth approximately $1.18 billion.
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 3.64%. Over the course of the year, Stryker Corp shares have jumped approximately 27.99%. Shares of the company reached a 52-week high of $392.70 on 11/14/24 and a 52-week low of $292.43 on 01/03/24. A 50-day SMA is recorded $363.44, while a 200-day SMA reached $347.20. Nevertheless, trading volume fell to 1.79 million shares from 1.69 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 379.55, which, if violated, would cause prices to drop to 375.83. In the upper region, resistance lies at 389.85. The next price resistance is at 396.43. RSI (Relative Strength Index) is 65.21 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 15.45, which suggests the price will increase in the coming days. Percent R is at 24.00%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
