Shares of Intuitive Surgical (ISRG) Sees Large Outflow of Money

Intuitive Surgical (ISRG) : Money flow in the Intuitive Surgical (ISRG) stock was negative (14.24 million) on Wednesday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $208.14 million, compared to $222.38 million on downticks. The total uptick to downtick ratio was 0.94, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($5.37 million), indicating selling on the strength. The transaction value during uptick in block trades was $8.9 million. Downtick transaction value in block trades amounted to $14.27 million, indicating persistent selling. The uptick to downtick ratio was 0.62. Intuitive Surgical (ISRG) traded $29.53 higher at $701.43 gaining 4.39% over the previous days close.


Also, 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 (NASDAQ:ISRG): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $712.08 and $700.22 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $720.01. The buying momentum continued till the end and the stock did not give up its gains. It closed at $703.05, notching a gain of 4.64% for the day. The total traded volume was 1,160,040 . The stock had closed at $671.90 on the previous day.

The stock has recorded a 20-day Moving Average of 6.07% and the 50-Day Moving Average is 8.7%. In a related news, 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, 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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