Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Medtronic Plc shares valued at $792,038 were sold by Wall Brett A. on Jan 08 ’25. At $80.41 per share, Wall Brett A. sold 9,850 shares. The insider’s holdings dropped to 40,708 shares worth approximately $3.48 million following the completion of this transaction.
Also, Wall Brett A. purchased 9,850 shares, netting a total of over 792,038 in proceeds.
Before that, PARKHILL KAREN L had added 30,000 shares to its account. In a trade valued at $2,691,794, the Former Director bought Medtronic Plc shares for $89.73 each.
As published in a research note from RBC Capital Mkts on October 10, 2024, Medtronic Plc [MDT] has been rated up from a Sector perform to an Outperform and the price target has been revised to $105 from $98. Analysts at Oppenheimer resumed the stock at ‘”a Perform”‘ outlook in a report released in late August. As of August 15, 2024, UBS has increased its “Sell” rating to a “Neutral” for MDT. Earlier on August 14, 2024, Stifel downgraded its rating. Their new recommendation was “a Hold” for MDT stock which previously was a “a Buy”.
Analyzing MDT Stock Performance
During the last five days, there has been a surge of approximately 6.92%. Over the course of the year, Medtronic Plc shares have jumped approximately 6.91%. Shares of the company reached a 52-week high of $85.89 on 01/15/25 and a 52-week low of $79.66 on 01/06/25. A 50-day SMA is recorded $84.23, while a 200-day SMA reached $84.13. Nevertheless, trading volume fell to 12.26 million shares from 13.4 million shares the previous day.
Support And Resistance Levels for Medtronic Plc (MDT)
According to the 24-hour chart, there is a support level at 84.25, which, if violated, would cause prices to drop to 83.10. In the upper region, resistance lies at 86.22. The next price resistance is at 87.04. RSI (Relative Strength Index) is 61.48 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.72, which suggests the price will increase in the coming days. Percent R is at 7.42%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
