Is Stryker Corp. (NYSE: SYK) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NYSE-listed company operates within the Medical Devices industry segment, falling under the Healthcare sector. The current market capitalization of Stryker Corp. is $133.19B. A total of 1.05 million shares were traded on the day, compared to an average of 1.30M shares.

In the most recent transaction, Fletcher Robert S sold 2,007 shares of SYK for 332.99 per share on May 22 ’24. After the transaction, the VP, Chief Legal Officer now owns 8,896 company shares. In a previous transaction on May 15 ’24, Boehnlein Glenn S sold 10,000 shares at 327.65 per share. SYK shares that VP, Chief Financial Officer owns now total 15,012.

Among the insiders who sold shares, Berry William E Jr disposed of 7,690 shares on Mar 07 ’24 at a per-share price of $358.48. This resulted in the VP, Chief Accounting Officer holding 3,675 shares of SYK after the transaction. In another insider transaction, Boehnlein Glenn S sold 9,600 shares at $342.81 per share on Feb 09 ’24. Company shares held by the VP, Chief Financial Officer now total 20,194.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Stryker Corp. pays an annual dividend of $3.10, resulting in a dividend yield of 0.89%, and it has a price to earnings (P/E) ratio of 39.97. SYK’s most recent ex-dividend date was 6/28/2024 when it declared a $0.80 quarterly dividend that was paid in cash on 7/31/2024. Previously, the company paid the dividend on 4/30/2024 with an ex-dividend date of 3/27/2024. The SYK stock dividend was $0.80 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, SYK has a high of $361.41 and a low of $249.98.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. SYK’s latest balance sheet shows that the firm has $3.02B in Cash & Short Term Investments as of fiscal 2021. There were $12.48B in debt and $4.55B in liabilities at the time. Its Book Value Per Share was $50.33, while its Total Shareholder’s Equity was $14.88B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SYK is Buy with a score of 4.33.

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