Stryker director sells 12k shares, soon after Sage Products acquisition & potential Moody’s downgrade: 7 points

Ronda E. Stryker, director at Stryker, sold 12,000 shares of the company’s stock in a recent transaction, according to a Daily Political report.

Advertisement

Here are seven points:

 

1. The stock was sold at an average price of $99 per share, and the transaction totaled $1.18 million.

 

2. Ms. Stryker now directly owns 192,194 shares of the company’s stock, valued at $19.02 million.

 

3. This transaction comes on the heels of Stryker’s $2.7 billion acquisition of Sage Products. Moody’s Investors Service placed Stryker’s A3 unsecured note ratings on review for downgrade just last week.

 

4. In December 2015, Ms. Stryker sold 18,000 shares of the company following rumors that Stryker is once again planning to make a bid for Smith & Nephew.

 

5. Stryker has a 12-month low of $86.68 and a 12-month high of $105.34.

 

6. The company’s 50-day moving average is $93.42, and its 200-day moving average is $96.75.

 

7. Stryker has a market cap of $36.27 billion.

 

More articles on devices:
Smith & Nephew, Zimmer Biomet, Medovex & more: 20 key notes
Global non-fusion spinal device market to grow: 3 points
Medtech sells 2 ROSA Brain robots in US: 3 quick notes

Advertisement

Next Up in Spinal Tech

Advertisement

Comments are closed.