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Keeping an Eye on Intuitive Surgical Inc (ISRG) After Insider Trading Activity

Intuitive Surgical Inc’s recent filing unveils that its EVP & Chief Medical Officer Curet Myriam unloaded Company’s shares for reported $7.22 million on Nov 12 ’24. In the deal valued at $535.96 per share,13,466 shares were sold. As a result of this transaction, Curet Myriam now holds 298 shares worth roughly $0.16 million.

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Then, Samath Jamie sold 22,903 shares, generating $12,024,075 in total proceeds. Upon selling the shares at $525.00, the insider now owns 8,757 shares.

Before that, Samath Jamie sold 269 shares. Intuitive Surgical Inc shares valued at $145,230 were divested by the insider at a price of $539.89 per share. As a result of the transaction, Samath Jamie now holds 8,757 shares, worth roughly $4.7 million.

Redburn Atlantic upgraded its Intuitive Surgical Inc [ISRG] rating to a Buy from a a Neutral in a research note published on August 02, 2024; the price target was increased to $510 from $380. A number of analysts have revised their coverage, including Citigroup’s analysts, who remained covering the stock and in early July has reiterated a ‘”a Buy”‘ rating for it. Goldman began covering ISRG with “Buy” recommendation on May 30, 2024. HSBC Securities started covering the stock on November 17, 2023. It rated ISRG as “a Buy”.

Price Performance Review of ISRG

On Monday, Intuitive Surgical Inc [NASDAQ:ISRG] saw its stock fall -2.07% to $536.55. Over the last five days, the stock has gained 0.92%. Intuitive Surgical Inc shares have risen nearly 59.04% since the year began. Nevertheless, the stocks have risen 68.72% over the past one year. While a 52-week high of $552.00 was reached on 11/22/24, a 52-week low of $304.50 was recorded on 01/04/24. SMA at 50 days reached $505.64, while 200 days put it at $440.68.

Levels Of Support And Resistance For ISRG Stock

The 24-hour chart illustrates a support level at 530.30, which if violated will result in even more drops to 524.06. On the upside, there is a resistance level at 546.05. A further resistance level may holdings at 555.56. The Relative Strength Index (RSI) on the 14-day chart is 58.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 9.40, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 34.18%. Stochastics %K at 84.79% indicates the stock is a selling.

How much short interest is there in Intuitive Surgical Inc?

A steep rise in short interest was recorded in Intuitive Surgical Inc stocks on 2024-10-31, growing by 0.11 million shares to a total of 3.85 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.74 million shares. There was a rise of 2.89%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on July 19, 2023 when Robert W. Baird began covering the stock and recommended ‘”an Outperform”‘ rating along with a $377 price target.

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