Stratasys Ltd. (SSYS) has been under a strong bear grip, hence the stock is down -10.8% 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 4.11% in the past 1 week. The stock has risen by 4.17% in the past week indicating that the buyers are active at lower levels, but the stock is down -9.88% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 2.3% and the 50-Day Moving Average is 2.87%. Stratasys Ltd. (NASDAQ:SSYS): On Fridays trading session , Opening price of the stock was $21.01 with an intraday high of $21.63. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $20.76. However, the stock managed to close at $20.99, a loss of 0.90% for the day. On the previous day, the stock had closed at $21.18. The total traded volume of the day was 871,260 shares.
The company Insiders own 4.3% of Stratasys Ltd. shares according to the proxy statements. Institutional Investors own 66.47% of Stratasys Ltd. shares. Also, Brokerage firm Piper Jaffray downgrades its rating on Stratasys Ltd. (NASDAQ:SSYS). As per the latest information, the brokerage house lowers the price target to $24 per share from a prior target of $32. The shares have been rated Neutral. Previously, the analysts had a Overweight rating on the shares. The rating by the firm was issued on July 18, 2016.