Stryker Corporation (NYSE:SYK) : Traders are bullish on Stryker Corporation (NYSE:SYK) as it has outperformed the S&P 500 by a wide margin of 5.05% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.28%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.56% in the last 1 week, and is up 6.75% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 25.26% from its 1 Year high price. On Jul 8, 2016, the shares registered one year high at $122.40 and the one year low was seen on Jan 11, 2016. The 50-Day Moving Average price is $115.28 and the 200 Day Moving Average price is recorded at $105.34.
The stock has recorded a 20-day Moving Average of 4.73% and the 50-Day Moving Average is 8.07%.
Stryker Corporation (NYSE:SYK): stock turned positive on Friday. Though the stock opened at $121.74, the bulls momentum made the stock top out at $122.4 level for the day. The stock recorded a low of $121.07 and closed the trading day at $122.29, in the green by 1.04%. The total traded volume for the day was 1,283,086. The stock had closed at $121.03 in the previous days trading.
In an insider trading activity, The officer (VP, Strategy and IR), of Stryker Corp, Owen Katherine Ann had unloaded 6,674 shares at $121.21 per share in a transaction on July 5, 2016. The total value of transaction was $808,956. The Insider information was revealed by 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.