As this happened, Berenberg downgraded its Smith & Nephew plc ADR [SNN] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who decreased its forecast for the stock in early November from “a Buy” to “a Hold”. Deutsche Bank began covering SNN with “Buy” recommendation on July 24, 2024. UBS revised its rating on June 05, 2024. It rated SNN as “a Buy” which previously was an “a Neutral”.
Price Performance Review of SNN
On Tuesday, Smith & Nephew plc ADR [NYSE:SNN] saw its stock fall -0.12% to $24.61. Over the last five days, the stock has gained 0.12%. Smith & Nephew plc ADR shares have risen nearly 0.12% since the year began. Nevertheless, the stocks have fallen -7.17% over the past one year. While a 52-week high of $31.72 was reached on 01/07/25, a 52-week low of $23.65 was recorded on 01/03/25. SMA at 50 days reached $25.36, while 200 days put it at $26.98.
Levels Of Support And Resistance For SNN Stock
The 24-hour chart illustrates a support level at 24.50, which if violated will result in even more drops to 24.38. On the upside, there is a resistance level at 24.77. A further resistance level may holdings at 24.93. The Relative Strength Index (RSI) on the 14-day chart is 40.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.62%. Stochastics %K at 21.48% indicates the stock is a holding.
How much short interest is there in Smith & Nephew plc ADR?
A steep rise in short interest was recorded in Smith & Nephew plc ADR stocks on 2024-12-13, dropping by 59500.0 shares to a total of 3.06 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 3.12 million shares. There was a decline of -1.95%, which implies that there is a negative sentiment for the stock.
