Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Stryker Corp shares valued at $201,056 were sold by Stiles Spencer S on Nov 15 ’24. At $391.16 per share, Stiles Spencer S sold 514 shares. The insider’s holdings dropped to 50,611 shares worth approximately $19.73 million following the completion of this transaction.
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Also, Stiles Spencer S purchased 514 shares, netting a total of over 200,398 in proceeds.
Before that, Lobo Kevin had sold 57,313 shares from its account. In a trade valued at $21,131,479, the Chair and CEO traded Stryker Corp shares for $368.70 each. Upon closing the transaction, the insider’s holdings decreased to 57,313 shares, worth approximately $38.99 million.
As published in a research note from Morgan Stanley on December 02, 2024, Stryker Corp [SYK] has been rated up from an Equal-weight to an Overweight and the price target has been revised to $445 from $370. Analysts at Wolfe Research started covering the stock with ‘”an Outperform”‘ outlook in a report released in early September. As of May 30, 2024, Goldman has initiated its “Neutral” rating for SYK. Earlier on May 22, 2024, Needham 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 0.01%. Over the course of the year, Stryker Corp shares have jumped approximately 30.15%. Shares of the company reached a 52-week high of $398.20 on 11/18/24 and a 52-week low of $292.43 on 01/03/24. A 50-day SMA is recorded $369.60, while a 200-day SMA reached $350.14. Nevertheless, trading volume fell to 0.7 million shares from 25082.0 shares the previous day.
Support And Resistance Levels for Stryker Corp (SYK)
According to the 24-hour chart, there is a support level at 387.74, which, if violated, would cause prices to drop to 385.73. In the upper region, resistance lies at 391.99. The next price resistance is at 394.23. RSI (Relative Strength Index) is 60.80 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.74, which suggests the price will increase in the coming days. Percent R is at 45.13%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
