Stryker Corporation (SYK) has risen sharply, recording gains of 6.73% in the past 4 weeks. However, the stock has corrected -0.17% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.26% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has recorded a 20-day Moving Average of 2.77% and the 50-Day Moving Average is 6.63%.
Stryker Corporation (NYSE:SYK): The stock opened at $122.97 on Friday but the bulls could not build on the opening and the stock topped out at $123.55 for the day. The stock traded down to $121.29 during the day, due to lack of any buying support eventually closed down at $122.08 with a loss of -0.18% for the day. The stock had closed at $122.30 on the previous day. The total traded volume was 2,063,493 shares.
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 -56.86% . Institutional Investors own 76.6% of Stryker Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -34.03%. In a related news,The director of Stryker Corp, Stryker Ronda E sold 12,000 shares at $122.48 on July 14, 2016. The Insider selling transaction had a total value worth of $1,469,760. 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.