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Stryker’s Stock Rally Continues with 52-Week High Yesterday

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SYK stock at 52-week high

On January 9, Stryker (SYK) traded at a 52-week high of $164.2 per share. The stock ended trading with a closing price of $160.4. As of January 9, 2018, SYK stock is trading higher than its 50-day moving average of $155 as well as the 200-day moving average of $148.1. Stryker traded at a 52-week low of $117.6 on January 9, 2017. The company’s one-year stock return is ~35% as of January 9, 2018.

SYK stock has been trending up since the company reported stellar 3Q17 earnings results on October 26. The stock has risen ~7.2% since then. It gained on the company’s preliminary 4Q17 and fiscal 2017 earnings results announced on January 9, 2018.

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Stryker saw volatility in its stock price recently, with some key events impacting the company’s performance. With certain product recalls and management changes, the stock price registered considerable stock movements. The beta for SYK stock is 0.50, which implies that the stock has a risk profile that makes the stock move in the same direction as the market with half the magnitude of the market.

Industry comparison

Over the past year, Stryker stock registered growth of ~35.2%, compared to market and industry returns of approximately 21.6% and 33.7%, respectively. The market is represented by the S&P 500 index, and the industry performance is represented by the iShares U.S. Medical Devices ETF (IHI).

As of January 9, peers Medtronic (MDT), Becton Dickinson (BDX), and Zimmer Biomet Holdings (ZBH) have registered one-year returns of approximately 16.8%, 34.2%, and 18%, respectively.

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