Stryker Corporation (SYK) : Traders are negative on Stryker Corporation (SYK), as it has 1.5% of short positions outstanding compared to its float. The total shorts have reduced by -573,613 shares, which is a -9.7% reduction. From Jul 29, 2016, to August 15, 2016, the shorts came down from,5,898,983 to 5,325,370 shares. While the daily trading volume of the stock is 861,461, there are 6 days remaining to cover the open short positions. The short interest indicates that the traders dont see a large downside in the stock from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.
Stryker Corporation (NYSE:SYK): The stock opened at $113.71 on Wednesday but the bulls could not build on the opening and the stock topped out at $113.85 for the day. The stock traded down to $112.39 during the day, due to lack of any buying support eventually closed down at $112.62 with a loss of -0.87% for the day. The stock had closed at $113.61 on the previous day. The total traded volume was 1,051,337 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.