Stryker Corporation Unusual Bullish Options Activity Means Profits for Traders

 Stryker Corporation Unusual Bullish Options Activity Means Profits for Traders

In today’s session Stryker Corporation (SYK) registered an unusually high (204) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious SYK increase. With 204 contracts traded and 1244 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: SYK161216C00110000 closed last at: $3.6 or 2.7% down. About 1.29 million shares traded hands or 14.16% up from the average. Stryker Corporation (NYSE:SYK) has risen 6.92% since March 29, 2016 and is uptrending. It has outperformed by 3.45% the S&P500.

Stryker Corporation (NYSE:SYK) Ratings Coverage

Out of 19 analysts covering Stryker Corporation (NYSE:SYK), 11 rate it a “Buy”, 3 “Sell”, while 5 “Hold”. This means 58% are positive. Stryker Corporation has been the topic of 24 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by RBC Capital Markets given on Friday, July 24. The stock has “Underweight” rating given by Barclays Capital on Monday, April 11. The stock has “Buy” rating given by Stifel Nicolaus on Wednesday, August 12. The stock of Stryker Corporation (NYSE:SYK) has “Buy” rating given on Wednesday, January 27 by Brean Capital. The firm has “Underperform” rating given on Monday, December 14 by BMO Capital Markets. Citigroup initiated Stryker Corporation (NYSE:SYK) rating on Thursday, November 12. Citigroup has “Sell” rating and $88 price target. The firm earned “Buy” rating on Wednesday, April 27 by Sterne Agee CRT. UBS initiated Stryker Corporation (NYSE:SYK) on Tuesday, September 22 with “Neutral” rating. The company was initiated on Thursday, March 17 by Nomura. The firm has “Hold” rating by Needham given on Monday, September 28.

According to Zacks Investment Research, “Stryker Corporation develops, manufactures, and markets specialty surgical and medical products, including orthopaedic implants, bone cement, trauma systems used in bone repair, powered surgical instruments, endoscopic systems, craniomaxillofacial fixation devices, specialty surgical equipment used in neurosurgery and patient care and handling equipment for the global market and provide outpatient physical and occupational rehabilitation services.”

Insitutional Activity: The institutional sentiment increased to 0.93 in 2016 Q2. Its up 0.14, from 0.79 in 2016Q1. The ratio improved, as 41 funds sold all Stryker Corporation shares owned while 325 reduced positions. 61 funds bought stakes while 280 increased positions. They now own 279.01 million shares or 2.26% less from 285.46 million shares in 2016Q1.
Gratry Communications Ltd Liability Corp reported 2,150 shares or 0.2% of all its holdings. Mizuho Trust And Bk Company holds 0.19% of its portfolio in Stryker Corporation (NYSE:SYK) for 526,984 shares. Columbia L L C Investment Mngmt has 23,102 shares for 0.21% of their US portfolio. Cwm Lc holds 0.01% of its portfolio in Stryker Corporation (NYSE:SYK) for 1,249 shares. D L Carlson Inv Gp last reported 2.06% of its portfolio in the stock. Silvercrest Asset Grp Ltd Liability owns 694,789 shares or 1.06% of their US portfolio. Schwab Charles Mngmt Inc has 0.13% invested in the company for 872,951 shares. Marshall And Sullivan Incorporated Wa owns 30,817 shares or 4.76% of their US portfolio. Schaper Benz & Wise Inv Counsel Wi has 120,792 shares for 2.61% of their US portfolio. Fishman Jay A Limited Mi accumulated 50,475 shares or 0% of the stock. Financial Counselors accumulated 6,156 shares or 0.04% of the stock. Patten Group holds 0% of its portfolio in Stryker Corporation (NYSE:SYK) for 1,304 shares. Ferguson Wellman Capital last reported 174,040 shares in the company. First State Bank Of Omaha has 9,500 shares for 0.08% of their US portfolio. Great West Life Assurance Communications Can has 274,347 shares for 0.11% of their US portfolio.

Insider Transactions: Since May 2, 2016, the stock had 1 insider buy, and 64 selling transactions for $82.95 million net activity. 12,000 shares with value of $1.40 million were sold by STRYKER RONDA E on Wednesday, October 5. 10,686 shares were sold by Owen Katherine Ann, worth $1.28 million. COX HOWARD E JR sold $1.11M worth of Stryker Corporation (NYSE:SYK) on Monday, August 1. 46 Stryker Corporation (NYSE:SYK) shares with value of $5,308 were bought by Doliveux Roch. Shares for $1.10 million were sold by Scannell Timothy J. On Monday, June 6 Datar Srikant sold $747,754 worth of the stock or 6,565 shares. Becker Yin C sold $1.37 million worth of Stryker Corporation (NYSE:SYK) on Tuesday, October 11.

Stryker Corporation is a medical technology company. The company has a market cap of $45.02 billion. The Firm operates through three divisions: Orthopaedics, MedSurg, and Neurotechnology and Spine. It has a 27.24 P/E ratio. The Company’s Orthopaedics segment products consist of implants used in hip and knee joint replacements and trauma and surgeries.

SYK Company Profile

Stryker Corporation (Stryker), incorporated on February 20, 1946, is a medical technology company. The Firm operates through three divisions: Orthopaedics, MedSurg, and Neurotechnology and Spine. The Firm offers its products to doctors, hospitals and other healthcare facilities. The Company’s products include implants used in joint replacement and trauma surgeries; surgical equipment and surgical navigation systems; endoscopic and communications systems; patient handling and emergency medical equipment, and neurosurgical, neurovascular and spinal devices, as well as other medical device products used in a range of medical specialties. The Company’s products are sold in approximately 100 countries through the Company-owned sales subsidiaries and branches, as well as third-party dealers and distributors. The Firm offers a 1588 advanced imaging modalities (AIM) platform, which is designed for optimum visualization across surgical specialties.

More news for Stryker Corporation (NYSE:SYK) were recently published by: Businesswire.com, which released: “Study To Be Presented at NASS 2016 Evaluating Bone In-Growth for Stryker’s 3D …” on October 28, 2016. Livetradingnews.com‘s article titled: “Stryker Corporation (NYSE:SYK) Heffx Trading Outlook” and published on October 31, 2016 is yet another important article.

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