Stryker Unusual Options Activity
Portfolio Pulse from Benzinga Insights
High-rolling investors have shown unusual options activity on Stryker (NYSE:SYK), with a bearish sentiment prevailing. Benzinga's options scanner revealed 10 significant trades, indicating a split sentiment but with a lean towards bearishness. The focus is on a price band between $300.0 and $370.0. Stryker, a major player in medical equipment, has seen its stock price slightly down by -0.84%, with an RSI indicating it may be approaching overbought. An earnings announcement is expected in 45 days, and an analyst from RBC Capital has set a price target of $360 with an Outperform rating.
March 15, 2024 | 8:01 pm
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Stryker has seen unusual options activity with a bearish sentiment, despite an Outperform rating from RBC Capital with a $360 target. The stock is slightly down, and an earnings announcement is expected soon.
The bearish sentiment in options trading, despite an Outperform rating and a $360 price target from RBC Capital, suggests that investors are cautious about Stryker's short-term prospects. The slight decrease in stock price and the upcoming earnings announcement add to the uncertainty, potentially impacting the stock negatively in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100