Shares of Stryker Corporation (SYK) Sees Large Inflow of Net Money Flow

Stryker Corporation (SYK) : Stryker Corporation (SYK) had a healthy money flow of $23.99 million into the stock during the Fridays trading session. The value of bullish trades on upticks was $139.42 million, whereas, investors only sold shares worth $115.43 million on downticks. The stock closed the day with an up-down ratio of 1.21.The money flow in the block trades to the tune of $20.82 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $31.94 million worth of transactions were on upticks. A paltry $11.11 million worth of block trade transactions on downticks shows that the investors are reluctant to sell the stock down. The total up-down ratio of the upticks vs the downticks in block trades was 2.87. Stryker Corporation (SYK) stock slid $5.53 intraday and traded at 117.03, a change of -4.51% over previous days close. However, for the week, the company shares are -4.14% compared to previous weeks close.


Stryker Corporation (SYK) : 18 investment research analysts covering Stryker Corporation (SYK) have an average price target of $120 for the near short term. The highest target price given by the Brokerage Firm to the stock is $134 and the lowest target is $88 for the short term. Analysts expect the variance to be within $10.92 of the average price.

Stryker Corporation (NYSE:SYK): On Fridays trading session , Opening price of the stock was $118.25 with an intraday high of $118.94. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $115.78. However, the stock managed to close at $117.03, a loss of 4.51% for the day. On the previous day, the stock had closed at $122.56. The total traded volume of the day was 4,691,917 shares.

In a related news,The director of Stryker Corp, Stryker Ronda E sold 12,000 shares at $122.26 on July 20, 2016. The Insider selling transaction had a total value worth of $1,467,120. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Stryker Corporation is a medical technology company. The Company offers a range of products and services in Orthopaedics, Medical and Surgical, and Neurotechnology and Spine, which help improve patient and hospital outcomes.

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