Shares of Stryker Corporation (SYK) Sees Large Outflow of Money

Stryker Corporation (SYK) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (1.35 million) in Stryker Corporation (SYK). On Tuesday, The value of composite uptick trades was $0.7 million, whereas, the value of composite downtick trades was $2.05 million and the ratio between the two was 0.34, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $1.53 million. The negative money flow of ($1.53 million) shows selling on strength. Stryker Corporation (SYK) gained $0.2 intraday at $116.48 and registrered 0.17% for the week.


Also, Guggenheim Securities initiates coverage on Stryker Corporation (NYSE:SYK). The rating major has initiated the coverage with buy rating on the shares. The rating by the firm was issued on June 9, 2016.

Shares of Stryker Corporation appreciated by 2.05% during the last five trading days but lost 0.92% on a 4-week basis. Stryker Corporation is up 4.18% in the last 3-month period. Year-to-Date the stock performance stands at 25.62%.

Stryker Corporation (NYSE:SYK): The stock opened at $116.11 on Tuesday but the bulls could not build on the opening and the stock topped out at $116.69 for the day. The stock traded down to $115.44 during the day, due to lack of any buying support eventually closed down at $115.94 with a loss of -0.29% for the day. The stock had closed at $116.28 on the previous day. The total traded volume was 874,364 shares.

In a related news,The director of Stryker Corp, Stryker Ronda E sold 12,000 shares at $113.07 on August 17, 2016. The Insider selling transaction had a total value worth of $1,356,840. 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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