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The Potential Rise in the Price of Intuitive Surgical Inc (ISRG) following insiders activity

Intuitive Surgical Inc’s recently made public that its CFO and Head of Business Techn Samath Jamie unloaded Company’s shares for reported $0.15 million on Dec 10 ’24. In the deal valued at $540.15 per share,270 shares were sold. As a result of this transaction, Samath Jamie now holds 8,757 shares worth roughly $4.62 million.

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Then, JAMIE E SAMATH bought 270 shares, generating $145,842 in total proceeds.

Before that, DeSantis Robert sold 376 shares. Intuitive Surgical Inc shares valued at $202,664 were divested by the EVP & Chief Strategy & Corp Op at a price of $539.00 per share. As a result of the transaction, DeSantis Robert now holds 5,506 shares, worth roughly $2.9 million.

Morgan Stanley upgraded its Intuitive Surgical Inc [ISRG] rating to an Overweight from a an Equal-weight in a research note published on December 02, 2024; the price target was increased to $650 from $522. A number of analysts have revised their coverage, including Redburn Atlantic’s analysts, who increased its forecast for the stock in early August from “a Neutral” to “a Buy”. Citigroup also remained covering ISRG and reiterated its “Buy” recommendation on July 10, 2024. Goldman started covering the stock on May 30, 2024. It rated ISRG as “a Buy”.

Price Performance Review of ISRG

On Monday, Intuitive Surgical Inc [NASDAQ:ISRG] saw its stock jump 0.53% to $527.22. Over the last five days, the stock has lost -2.73%. Intuitive Surgical Inc shares have risen nearly 56.28% since the year began. Nevertheless, the stocks have risen 58.11% over the past one year. While a 52-week high of $556.23 was reached on 12/06/24, a 52-week low of $320.26 was recorded on 01/04/24. SMA at 50 days reached $526.62, while 200 days put it at $455.21.

Levels Of Support And Resistance For ISRG Stock

The 24-hour chart illustrates a support level at 522.19, which if violated will result in even more drops to 517.15. On the upside, there is a resistance level at 530.10. A further resistance level may holdings at 532.98. The Relative Strength Index (RSI) on the 14-day chart is 44.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -13.53, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.43%. Stochastics %K at 16.56% indicates the stock is a buying.

How much short interest is there in Intuitive Surgical Inc?

A steep rise in short interest was recorded in Intuitive Surgical Inc stocks on 2024-11-29, dropping by -0.39 million shares to a total of 3.46 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 3.85 million shares. There was a decline of -11.17%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on November 17, 2023 when HSBC Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $318 price target.

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