Stryker Corporation (SYK) has been under a strong bear grip, hence the stock is down -6.3% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.53% in the past 1 week. The stock has risen by 0.58% in the past week indicating that the buyers are active at lower levels, but the stock is down -5.33% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 1.41% and the 50-Day Moving Average is 1.34%. Stryker Corporation (NYSE:SYK): stock turned positive on Friday. Though the stock opened at $115.36, the bulls momentum made the stock top out at $115.57 level for the day. The stock recorded a low of $114.8 and closed the trading day at $115.57, in the green by 0.03%. The total traded volume for the day was 621,965. The stock had closed at $115.53 in the previous days trading.
The company Insiders own 7.8% of Stryker Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -3.35% . Institutional Investors own 74.53% of Stryker Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -7.52%. Also, Guggenheim Securities initiates coverage on Stryker Corporation (NYSE:SYK) The brokerage firm has issued a Buy rating on the shares. The rating by the firm was issued on June 9, 2016.
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.