Stryker Corporation (NYSE:SYK) traded at a new 52-week high today of $275.15. This new high was reached on below average trading volume as 719,000 shares traded hands, while the average 30-day volume is approximately 1.2 million shares.
There is potential upside of 12.5% for shares of Stryker Corporation based on a current price of $271.50 and an average consensus analyst price target of $305.34.
Stryker designs, manufactures, and markets an array of medical equipment, instruments, consumable supplies, and implantable devices. The product portfolio includes hip and knee replacements, endoscopy systems, operating room equipment, embolic coils, and spinal devices. Stryker remains one of the three largest competitors in reconstructive orthopedic implants and holds the leadership position in operating room equipment. Roughly one-fourth of Stryker’s total revenue currently comes from outside the United States.
In the past 52 weeks, Stryker Corporation share prices are bracketed by a low of $185.20 and a high of $275.15 and is now at $271.50, 47% above that low price.
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