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

Stryker Corporation (SYK) : Money flow in the Stryker Corporation (SYK) stock was negative (2.07 million) on Thursday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $8.71 million, compared to $10.77 million on downticks. The total uptick to downtick ratio was 0.81, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($0 million), indicating selling on the strength. Downtick transaction value in block trades amounted to $0 million, indicating persistent selling. Stryker Corporation (SYK) traded $0.1 higher at $121.19 gaining 0.08% over the previous days close.


Stryker Corporation (SYK) : The consensus price target for Stryker Corporation (SYK) is $118.28 for the short term with a standard deviation of $10.19. The most optimist securities analyst among the 18 who monitor the stock believes that the stock can reach $134, however, the pessimist price target for the company is $88. The stock has recorded a 20-day Moving Average of 3.97% and the 50-Day Moving Average is 7.18%.

Stryker Corporation (NYSE:SYK): The stock opened at $121.07 on Thursday but the bulls could not build on the opening and the stock topped out at $121.60 for the day. The stock traded down to $120.79 during the day, due to lack of any buying support eventually closed down at $121.03 with a loss of -0.05% for the day. The stock had closed at $121.09 on the previous day. The total traded volume was 1,216,682 shares.

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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