Insider Selling: Ronda Stryker Unloads 14,000 Shares of Stryker Corp. Stock (SYK)
Stryker Corp. (NYSE:SYK) Director Ronda Stryker unloaded 14,000 shares of Stryker Corp. stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $70.68, for a total value of $989,520.00. Following the completion of the sale, the director now directly owns 165,225 shares of the company’s stock, valued at approximately $11,678,103. The transaction was disclosed in a filing with the SEC, which is available at this link.
Stryker Corp. (NYSE:SYK) traded up 1.68% on Wednesday, hitting $71.32. 668,208 shares of the company’s stock traded hands. Stryker Corp. has a one year low of $51.60 and a one year high of $71.94. The stock’s 50-day moving average is $68.93 and its 200-day moving average is $67.77. The company has a market cap of $26.968 billion and a P/E ratio of 23.54.
Stryker Corp. (NYSE:SYK) last released its earnings data on Thursday, July 18th. The company reported $1.00 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.98 earnings per share. The company’s quarterly revenue was up 5.0% on a year-over-year basis. On average, analysts predict that Stryker Corp. will post $4.23 earnings per share for the current fiscal year.
SYK has been the subject of a number of recent research reports. 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 investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $68.90.
Stryker Corporation (NYSE:SYK) is a medical technology company.
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