Insider Selling: Ronda Stryker Sells 14,000 Shares of Stryker Corp. Stock (SYK)
Stryker Corp. (NYSE:SYK) Director Ronda Stryker sold 14,000 shares of Stryker Corp. stock on the open market in a transaction dated Thursday, October 10th. The stock was sold at an average price of $69.03, for a total transaction of $966,420.00. Following the completion of the sale, the director now directly owns 165,225 shares in the company, valued at approximately $11,405,482. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Stryker Corp. (NYSE:SYK) traded up 1.07% during mid-day trading on Friday, hitting $70.16. The stock had a trading volume of 425,680 shares. Stryker Corp. has a one year low of $51.60 and a one year high of $71.94. The stock has a 50-day moving average of $68.7 and a 200-day moving average of $67.64. The company has a market cap of $26.530 billion and a price-to-earnings ratio of 23.30.
Stryker Corp. (NYSE:SYK) last announced its earnings results on Thursday, July 18th. The company reported $1.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by $0.03. The company had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter in the previous year, the company posted $0.98 earnings per share. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. Analysts expect that Stryker Corp. will post $4.23 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Wells Fargo & Co. reiterated an “outperform” rating on shares of Stryker Corp. in a research note to investors on Wednesday, September 25th. Separately, analysts at RBC Capital raised their price target on shares of Stryker Corp. from $74.00 to $81.00 in a research note to investors on Tuesday, September 24th. They now have an “outperform” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Stryker Corp. from $75.00 to $79.00 in a research note to investors on Monday, September 9th. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Stryker Corp. currently has an average rating of “Hold” and a consensus price target of $68.90.
Stryker Corporation (NYSE:SYK) is a medical technology company.
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