In a filing, Stryker Corp revealed its Group President Stiles Spencer S unloaded Company’s shares for reported $0.2 million on Nov 15 ’24. In the deal valued at $391.16 per share,514 shares were sold. As a result of this transaction, Stiles Spencer S now holds 50,611 shares worth roughly $18.77 million.
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Then, Stiles Spencer S bought 514 shares, generating $200,398 in total proceeds.
Before that, Lobo Kevin sold 57,313 shares. Stryker Corp shares valued at $21,131,479 were divested by the Chair and CEO at a price of $368.70 per share. As a result of the transaction, Lobo Kevin now holds 100,027 shares, worth roughly $37.09 million.
Morgan Stanley upgraded its Stryker Corp [SYK] rating to an Overweight from a an Equal-weight in a research note published on December 02, 2024; the price target was increased to $445 from $370. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who began to cover the stock in early September with a ‘”an Outperform”‘ rating. Goldman began covering SYK with “Neutral” recommendation on May 30, 2024. Needham revised its rating on May 22, 2024. It rated SYK as “a Buy” which previously was an “a Hold”.
Price Performance Review of SYK
On Tuesday, Stryker Corp [NYSE:SYK] saw its stock fall -0.51% to $370.81. Over the last five days, the stock has lost -3.10%. Stryker Corp shares have risen nearly 23.83% since the year began. Nevertheless, the stocks have risen 27.80% over the past one year. While a 52-week high of $398.20 was reached on 11/18/24, a 52-week low of $288.15 was recorded on 01/03/24. SMA at 50 days reached $373.56, while 200 days put it at $351.29.
Levels Of Support And Resistance For SYK Stock
The 24-hour chart illustrates a support level at 367.72, which if violated will result in even more drops to 364.62. On the upside, there is a resistance level at 374.24. A further resistance level may holdings at 377.66. The Relative Strength Index (RSI) on the 14-day chart is 39.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -9.53, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.42%. Stochastics %K at 6.22% indicates the stock is a buying.
How much short interest is there in Stryker Corp?
A steep rise in short interest was recorded in Stryker Corp stocks on 2024-11-29, growing by 0.19 million shares to a total of 4.24 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 4.05 million shares. There was a rise of 4.43%, which implies that there is a positive sentiment for the stock.
