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. Intuitive Surgical Inc shares valued at $7,217,196 were sold by Curet Myriam on Nov 12 ’24. At $535.96 per share, Curet Myriam sold 13,466 shares. The insider’s holdings dropped to 298 shares worth approximately $0.16 million following the completion of this transaction.
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Also, Samath Jamie sold 22,903 shares, netting a total of over 12,024,075 in proceeds. Following the sale of shares at $525.00 each, the insider now holds 8,757 shares.
Before that, Samath Jamie had sold 269 shares from its account. In a trade valued at $145,230, the insider traded Intuitive Surgical Inc shares for $539.89 each. Upon closing the transaction, the insider’s holdings decreased to 269 shares, worth approximately $4.82 million.
As published in a research note from Redburn Atlantic on August 02, 2024, Intuitive Surgical Inc [ISRG] has been rated up from a Neutral to a Buy and the price target has been revised to $510 from $380. Analysts at Citigroup resumed the stock at ‘”a Buy”‘ outlook in a report released in early July. As of May 30, 2024, Goldman has initiated its “Buy” rating for ISRG. Earlier on November 17, 2023, HSBC Securities initiated its rating. Their recommendation was “a Buy” for ISRG stock.
Analyzing ISRG Stock Performance
During the last five days, there has been a surge of approximately 2.38%. Over the course of the year, Intuitive Surgical Inc shares have jumped approximately 63.21%. Shares of the company reached a 52-week high of $551.78 on 11/21/24 and a 52-week low of $320.26 on 01/04/24. A 50-day SMA is recorded $503.57, while a 200-day SMA reached $439.14. Nevertheless, trading volume fell to 1.4 million shares from 0.99 million shares the previous day.
Support And Resistance Levels for Intuitive Surgical Inc (ISRG)
According to the 24-hour chart, there is a support level at 543.39, which, if violated, would cause prices to drop to 536.16. In the upper region, resistance lies at 554.82. The next price resistance is at 559.01. RSI (Relative Strength Index) is 71.60 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 12.56, which suggests the price will increase in the coming days. Percent R is at 2.42%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.