Medtronic Plc’s filing revealed that its Former Director PARKHILL KAREN L acquired Company’s shares for reported $2.69 million on Oct 31 ’24. In the deal valued at $89.73 per share,30,000 shares were bought.
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Then, PARKHILL KAREN L bought 15,000 shares, generating $1,358,740 in total proceeds.
Before that, PARKHILL KAREN L bought 15,000 shares. Medtronic Plc shares valued at $1,367,348 were divested by the Former BOD at a price of $91.16 per share.
RBC Capital Mkts upgraded its Medtronic Plc [MDT] rating to an Outperform from a a Sector perform in a research note published on October 10, 2024; the price target was increased to $105 from $98. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who remained covering the stock and in late August has reiterated a ‘”a Perform”‘ rating for it. UBS also remained covering MDT and has increased its forecast on August 15, 2024 with a “Neutral” recommendation from previously “Sell” rating. Stifel revised its rating on August 14, 2024. It rated MDT as “a Hold” which previously was an “a Buy”.
Price Performance Review of MDT
On Monday, Medtronic Plc [NYSE:MDT] saw its stock jump 0.07% to $87.59. Over the last five days, the stock has lost -0.77%. Medtronic Plc shares have risen nearly 6.32% since the year began. Nevertheless, the stocks have risen 16.97% over the past one year. While a 52-week high of $92.68 was reached on 10/24/24, a 52-week low of $74.20 was recorded on 07/09/24. SMA at 50 days reached $89.42, while 200 days put it at $84.49.
Levels Of Support And Resistance For MDT Stock
The 24-hour chart illustrates a support level at 86.82, which if violated will result in even more drops to 86.05. On the upside, there is a resistance level at 88.54. A further resistance level may holdings at 89.49. The Relative Strength Index (RSI) on the 14-day chart is 43.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 63.25%. Stochastics %K at 24.76% indicates the stock is a holding.
How much short interest is there in Medtronic Plc?
A steep rise in short interest was recorded in Medtronic Plc stocks on 2024-10-31, dropping by -0.49 million shares to a total of 10.18 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 10.67 million shares. There was a decline of -4.79%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on May 30, 2024 when Goldman began covering the stock and recommended ‘”a Sell”‘ rating along with a $83 price target.
