Insider Selling: Stryker Director Sells 14,000 Shares of Stock (SYK)
Stryker (NYSE:SYK) Director Ronda E. Stryker unloaded 14,000 shares of Stryker stock on the open market in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $85.03, for a total transaction of $1,190,420.00. Following the sale, the director now directly owns 174,605 shares in the company, valued at approximately $14,846,663. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on SYK. Analysts at Bernstein raised their price target on shares of Stryker from $84.00 to $89.00 in a research note on Wednesday, June 4th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Stryker in a research note on Friday, April 25th. They now have a $82.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Stryker from $83.00 to $82.00 in a research note on Thursday, April 24th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $81.63.
Stryker (NYSE:SYK) traded down 0.65% during mid-day trading on Tuesday, hitting $84.94. 693,634 shares of the company’s stock traded hands. Stryker has a 52 week low of $63.71 and a 52 week high of $86.12. The stock has a 50-day moving average of $80.65 and a 200-day moving average of $78.85. The company has a market cap of $32.200 billion and a P/E ratio of 42.35.
Stryker (NYSE:SYK) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $1.06 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.09 by $0.03. The company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.33 billion. During the same quarter last year, the company posted $1.03 earnings per share. Stryker’s revenue was up 5.3% compared to the same quarter last year. On average, analysts predict that Stryker will post $4.82 earnings per share for the current fiscal year.
Stryker Corporation (NYSE:SYK) is a medical technology company.
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