In the meantime, HSBC Securities 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 UBS’s analysts, who decreased its forecast for the stock in mid March from “a Buy” to “a Neutral”. Berenberg also remained covering SNN and has decreased its forecast on November 06, 2024 with a “Hold” recommendation from previously “Buy” rating. Deutsche Bank revised its rating on November 01, 2024. It rated SNN as “a Hold” which previously was an “a Buy”.
Price Performance Review of SNN
On Tuesday, Smith & Nephew plc ADR [NYSE:SNN] saw its stock jump 0.45% to $26.92. Over the last five days, the stock has gained 2.91%. Smith & Nephew plc ADR shares have risen nearly 9.52% since the year began. Nevertheless, the stocks have risen 12.73% over the past one year. While a 52-week high of $31.72 was reached on 03/05/25, a 52-week low of $23.69 was recorded on 01/14/25. SMA at 50 days reached $27.58, while 200 days put it at $27.57.
Levels Of Support And Resistance For SNN Stock
The 24-hour chart illustrates a support level at 26.65, which if violated will result in even more drops to 26.39. On the upside, there is a resistance level at 27.11. A further resistance level may holdings at 27.31. The Relative Strength Index (RSI) on the 14-day chart is 51.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.63, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 3.83%. Stochastics %K at 91.91% indicates the stock is a selling.
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 2025-04-15, dropping by 12392.0 shares to a total of 1.14 million shares. Yahoo Finance data shows the prior-month short interest on 2025-03-14 was 1.15 million shares. There was a decline of -1.09%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 24, 2024 when Deutsche Bank began covering the stock and recommended ‘”a Buy”‘ rating .
