Price Target Update on Stryker Corporation (NYSE:SYK)

Stryker Corporation (NYSE:SYK) : The highest level Stryker Corporation (NYSE:SYK) is projected to reach is $134 for the short term and the lowest estimate is at $88. The consolidated price target from 18 rating analysts who initiate coverage on the stock is $117.72 and the possibility the share price can swing is $10.07.

Other Equity analysts have also commented on the company shares. Guggenheim Securities initiates coverage on Stryker Corporation (NYSE:SYK). The current rating of the shares is Buy, according to the research report released by the firm. The rating by the firm was issued on June 9, 2016.

Stryker Corporation (NYSE:SYK): stock turned positive on Thursday. Though the stock opened at $117.37, the bulls momentum made the stock top out at $118.65 level for the day. The stock recorded a low of $117.12 and closed the trading day at $118.38, in the green by 1.51%. The total traded volume for the day was 1,967,348. The stock had closed at $116.62 in the previous days trading.

The company shares have rallied 20.91% from its 1 Year high price. On Jun 22, 2016, the shares registered one year high at $117.27 and the one year low was seen on Jan 11, 2016. The 50-Day Moving Average price is $112.52 and the 200 Day Moving Average price is recorded at $103.21. On the companys insider trading activities,The director of Stryker Corp, Stryker Ronda E sold 12,000 shares at $113.5 on June 16, 2016. The Insider selling transaction had a total value worth of $1,362,000. 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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