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Piper Sandler’s latest rating for STE stock

Steris Plc’s recently made public that its SVP and President, Healthcare Majors Cary L unloaded Company’s shares for reported $0.37 million on Nov 25 ’24. In the deal valued at $217.32 per share,1,682 shares were sold. As a result of this transaction, Majors Cary L now holds 11,372 shares worth roughly $2.47 million.

Then, Majors Cary L bought 1,682 shares, generating $365,533 in total proceeds.

Before that, TOKICH MICHAEL J sold 20,213 shares. Steris Plc shares valued at $4,941,069 were divested by the Sr. Vice Pres., CFO at a price of $244.45 per share. As a result of the transaction, TOKICH MICHAEL J now holds 42,930 shares, worth roughly $9.32 million.

Piper Sandler upgraded its Steris Plc [STE] rating to an Overweight from a a Neutral in a research note published on October 24, 2024; the price target was increased to $260 from $230. Morgan Stanley began covering STE with “an Equal-weight” recommendation on May 30, 2023. Piper Sandler revised its rating on April 14, 2023. It rated STE as “a Neutral” which previously was an “an Overweight”.

Price Performance Review of STE

On Tuesday, Steris Plc [NYSE:STE] saw its stock jump 3.55% to $217.07. Over the last five days, the stock has gained 4.68%. Steris Plc shares have risen nearly 5.60% since the year began. Nevertheless, the stocks have fallen -1.54% over the past one year. While a 52-week high of $248.24 was reached on 01/21/25, a 52-week low of $197.82 was recorded on 01/03/25. SMA at 50 days reached $212.82, while 200 days put it at $222.65.

Levels Of Support And Resistance For STE Stock

The 24-hour chart illustrates a support level at 213.74, which if violated will result in even more drops to 210.42. On the upside, there is a resistance level at 219.29. A further resistance level may holdings at 221.52. The Relative Strength Index (RSI) on the 14-day chart is 62.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.04, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.51%. Stochastics %K at 88.71% indicates the stock is a selling.

How much short interest is there in Steris Plc?

A steep rise in short interest was recorded in Steris Plc stocks on 2024-12-31, growing by 0.14 million shares to a total of 1.08 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 0.94 million shares. There was a rise of 13.24%, which implies that there is a positive sentiment for the stock.

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