The stock of Intuitive Surgical, Inc. (NASDAQ:ISRG) gapped down by $9.22 today and has $599.22 target or 8.00% below today’s $651.33 share price. The 5 months technical chart setup indicates high risk for the $25.49B company. The gap down was reported on Nov, 10 by Barchart.com. If the $599.22 price target is reached, the company will be worth $2.04 billion less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. About 873,740 shares traded hands or 188.35% up from the average. Intuitive Surgical, Inc. (NASDAQ:ISRG) has risen 11.44% since April 7, 2016 and is uptrending. It has outperformed by 6.66% the S&P500.
Intuitive Surgical, Inc. (NASDAQ:ISRG) Ratings Coverage
Out of 16 analysts covering Intuitive Surgical Inc (NASDAQ:ISRG), 12 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 75% are positive. Intuitive Surgical Inc has been the topic of 31 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The rating was maintained by Wedbush on Wednesday, July 20 with “Outperform”. The stock has “Outperform” rating given by Leerink Swann on Thursday, January 14. Citigroup initiated the stock with “Buy” rating in Thursday, November 12 report. The stock has “Outperform” rating given by Raymond James on Friday, August 26. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, January 22. Canaccord Genuity upgraded Intuitive Surgical, Inc. (NASDAQ:ISRG) rating on Wednesday, July 22. Canaccord Genuity has “Buy” rating and $615 price target. The rating was maintained by RBC Capital Markets with “Sector Perform” on Wednesday, October 19. The firm has “Buy” rating by Canaccord Genuity given on Wednesday, July 20. The company was initiated on Thursday, October 13 by Wells Fargo. The stock of Intuitive Surgical, Inc. (NASDAQ:ISRG) earned “Neutral” rating by BTIG Research on Friday, April 1.
According to Zacks Investment Research, “Intuitive Surgical, Inc. designs and manufactures the da Vinci Surgical System. The da Vinci Surgical System seamlessly translates the surgeon’s natural hand movements on instrument controls at a console into corresponding micromovements of instruments positioned inside the patient through small puncture incisions, or ports. The products provide the surgeon with the range of motion and fine tissue control previously possible only with open surgery, while simultaneously allowing the surgeon to work through small ports.”
Insitutional Activity: The institutional sentiment decreased to 1.12 in 2016 Q2. Its down 0.13, from 1.25 in 2016Q1. The ratio dropped, as 35 funds sold all Intuitive Surgical, Inc. shares owned while 178 reduced positions. 54 funds bought stakes while 185 increased positions. They now own 36.66 million shares or 17.03% less from 44.18 million shares in 2016Q1.
Cambridge Inv Rech Inc last reported 1,482 shares in the company. Sandy Spring Commercial Bank accumulated 87 shares or 0.01% of the stock. 1832 Asset Management Lp last reported 89,800 shares in the company. Trustmark Commercial Bank Trust Department has invested 0.09% of its portfolio in Intuitive Surgical, Inc. (NASDAQ:ISRG). Smithfield Trust has 680 shares for 0.08% of their US portfolio. Teachers Retirement System Of The State Of Kentucky has 0.04% invested in the company for 4,900 shares. The New York-based Olstein Cap Mgmt Lp has invested 0.72% in Intuitive Surgical, Inc. (NASDAQ:ISRG). Exxonmobil Invest Management Inc Tx has 0.14% invested in the company for 9,852 shares. Fmr holds 0.2% of its portfolio in Intuitive Surgical, Inc. (NASDAQ:ISRG) for 2.19M shares. Gofen And Glossberg Limited Liability Corporation Il last reported 0.02% of its portfolio in the stock. Manufacturers Life Ins The owns 37,790 shares or 0.04% of their US portfolio. Winslow Evans And Crocker Incorporated has invested 0% of its portfolio in Intuitive Surgical, Inc. (NASDAQ:ISRG). Prudential Fincl Inc holds 0.06% of its portfolio in Intuitive Surgical, Inc. (NASDAQ:ISRG) for 58,291 shares. Boston Private Wealth Ltd Liability Com, a Massachusetts-based fund reported 1,191 shares. Cantab Cap Prtnrs Llp holds 991 shares or 0% of its portfolio.
Insider Transactions: Since May 17, 2016, the stock had 0 insider purchases, and 9 sales for $43.66 million net activity. 530 shares were sold by Myriam Curet, worth $333,560. GUTHART GARY S also sold $9.20M worth of Intuitive Surgical, Inc. (NASDAQ:ISRG) on Monday, November 7. SMITH LONNIE M also sold $1.25 million worth of Intuitive Surgical, Inc. (NASDAQ:ISRG) on Tuesday, May 17. MOHR MARSHALL also sold $3.42 million worth of Intuitive Surgical, Inc. (NASDAQ:ISRG) shares. LEVY ALAN J sold $2.21M worth of Intuitive Surgical, Inc. (NASDAQ:ISRG) on Thursday, August 4. $2.06 million worth of Intuitive Surgical, Inc. (NASDAQ:ISRG) was sold by MELTZER MARK J on Monday, August 22. On Wednesday, June 1 the insider Brogna Salvatore sold $12.91 million.
More notable recent Intuitive Surgical, Inc. (NASDAQ:ISRG) news were published by: Fool.com which released: “How Big Could This New Procedure Be for Intuitive Surgical, Inc.?” on November 08, 2016, also Fool.com with their article: “Better Buy: Intuitive Surgical, Inc. vs. Medtronic” published on October 26, 2016, Fool.com published: “Better Buy: Intuitive Surgical, Inc. vs. Johnson & Johnson” on October 16, 2016. More interesting news about Intuitive Surgical, Inc. (NASDAQ:ISRG) were released by: Fool.com and their article: “Could Intuitive Surgical, Inc. Be the Next Great Dividend Payer?” published on September 30, 2016 as well as Fool.com‘s news article titled: “4 Things Intuitive Surgical, Inc. Management Wants You to Know” with publication date: September 21, 2016.
ISRG Company Profile
Intuitive Surgical, Inc. (Intuitive), incorporated on November 9, 1995, designs, makes and markets da Vinci Surgical Systems, and related instruments and accessories. The Company’s da Vinci Surgical System consists of a surgeon’s console, a patient-side cart and a vision system. The da Vinci Surgical System translates a surgeon’s hand movements, which are performed on instrument controls at a console, into corresponding micro-movements of instruments positioned inside the patient through small incisions or ports. The da Vinci Surgical System provides its operating surgeons with control, range of motion, tissue manipulation solution and three-dimensional (3-D), high-definition (HD) vision. It allows surgeons to work through the small ports enabled by minimally invasive surgery (MIS) procedures. The Company’s da Vinci Surgery utilizes computational, robotic and imaging technologies.
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