Large Outflow of Money Witnessed in Intuitive Surgical

Intuitive Surgical (NASDAQ:ISRG) had an volatile session and gained 4.9 points till last call. The price was at $646.49, gaining 0.76% till the last intraday data. The total uptick value was $4.62 million while the total downtick value was $7.38 million. The shares saw a net money flow of $(-2.76) million and the up/down ratio stood at 0.63. The stock has seen a change of of 1.52% for the week.


Currently the company Insiders own 3.1% of Intuitive Surgical shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -1.14% . Institutional Investors own 92.88% of Intuitive Surgical shares. During last six month period, the net percent change held by insiders has seen a change of -1.96%. On the companys insider trading activities, Brogna Salvatore, officer (EVP – Product Operations) of Intuitive Surgical Inc, unloaded 600 shares at an average price of $630.96 on June 2, 2016. The total amount of the transaction was worth $378,576, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Intuitive Surgical (NASDAQ:ISRG) : On Monday heightened volatility was witnessed in Intuitive Surgical (NASDAQ:ISRG) which led to swings in the share price. The stock opened for trading at $637.24 and hit $648.5 on the upside , eventually ending the session at $644.1, with a gain of 0.39% or 2.51 points. The heightened volatility saw the trading volume jump to 280,508 shares. The 52-week high of the share price is $654.88 and the company has a market cap of $24,515 million. The 52-week low of the share price is at $447 .

Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm Goldman Sachs downgrades its rating on Intuitive Surgical (NASDAQ:ISRG). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The Analysts at Goldman Sachs raises the price target from $633 per share to $674 per share. The rating by the firm was issued on June 2, 2016.

Intuitive Surgical, Inc. designs, manufactures and markets da Vinci Surgical Systems and related instruments and accessories. The Companys da Vinci Surgical System consists of a surgeons console, a patient-side cart and vision system. The da Vinci Surgical System provides its operating surgeons with control, range of motion, tissue manipulation and three-dimensional (3-D), high-definition (HD) vision. It allows surgeons to work through the small ports enabled by minimally invasive surgery (MIS) procedures. Its da Vinci Surgery utilizes computational, robotic and imaging technologies. The Company has four generations of da Vinci Surgical System: the da Vinci Xi Surgical System, the da Vinci Si Surgical System, the da Vinci S Surgical System and the standard da Vinci Surgical System. The Company focuses on five surgical specialties: urologic surgery, gynecologic surgery, general surgery, cardiothoracic surgery, and head and neck surgery.

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