Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Stryker Corp before investing.

In this article, we go over a few key elements for understanding Stryker Corp’s stock price such as:

• Stryker Corp’s current stock price and volume
• Why Stryker Corp’s stock price changed recently
• Upgrades and downgrades for SYK from analysts
• SYK’s stock price momentum as measured by its relative strength

About Stryker Corp (SYK)

Before we jump into Stryker Corp’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Stryker Corporation (Stryker) is a medical technology company. The Company offers products and services in Medical and Surgical, Neurotechnology, Orthopedics and Spine that help improve patient and healthcare outcomes. The Company operates through two segments: MedSurg and Neurotechnology, and Orthopedics and Spine. Its products include surgical equipment and surgical navigation systems; endoscopic and communications systems; patient handling, emergency medical equipment and intensive care disposable products; clinical communication and workflow solutions; neurosurgical and neurovascular devices; implants used in joint replacement and trauma surgeries; Mako Robotic-Arm Assisted technology; spinal devices; as well as other products used in a variety of medical specialties. Stryker is also engaged in the design and development of neurointerventional devices for the treatment of intracranial aneurysms. Stryker's geographical segments include United States and International.

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Stryker Corp’s Stock Price as of Market Close

As of January 31, 2024, 4:00 PM, CST, Stryker Corp’s stock price was $335.48.

Stryker Corp is up 5.95% from its previous closing price of $316.64.

During the last market session, Stryker Corp’s stock traded between $314.05 and $317.12. Currently, there are 379.80 million shares of Stryker Corp stock available for purchase.

Stryker Corp’s price-earnings (P/E) ratio is currently at 47.0, which is high compared to the Medical Equipment, Supplies & Distribution industry median of 37.3. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Stryker Corp Stock Price History

Stryker Corp’s (SYK) price is currently up 12.03% so far this month.

During the month of January, Stryker Corp’s stock price has reached a high of $342.80 and a low of $292.43.

Over the last year, Stryker Corp has hit prices as high as $317.82 and as low as $248.96. Year to date, Stryker Corp’s stock is up 37.22%.

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What Caused Stryker Corp Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of January 30, 2024, there were 2 analysts who downgraded Stryker Corp’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Stryker Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Stryker Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Stryker Corp’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Stryker Corp (SYK) by visiting AAII Stock Evaluator.

Relative Price Strength of Stryker Corp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of January 30, 2024, Stryker Corp has a weighted four-quarter relative price strength of 1.61%, which translates to a Momentum Score of 74 and is considered to be Strong.

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Stryker Corp Stock Price: Bottom Line

As of January 31, 2024, Stryker Corp’s stock price is $335.48, which is up 5.95% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Stryker Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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