Stryker Corporation (SYK) Continues To Dump Stock

Stryker Corporation (NYSE:SYK), saw an insider continue her string of stock sales that have gone on over recent weeks as Director Ronda E. Stryker has sold over 50,000 shares since the beginning of July. Today, Stryker sold 14,000 more shares of common stock, through three separate transactions, at average prices ranging from $84.0353 to $84.1982 per share. Following these moves, Stryker now holds a total of about 27 million shares indirectly, while having 174,605 shares directly invested in the company.
As well, Stryker Corporation (NYSE:SYK) is a $31.73 billion market cap company that operates as s a medical technology corporation. It operates in three business segments: Reconstructive, MedSurg, and Neurotechnology and Spine, and has products that help procedures of this nature that are sold in over 100 different countries.
In addition, there are some major hedge funds involved with the company. Even after reporting a 13% decrease in its activity last quarter, Donald Yacktman‘s Yacktman Asset Management has about 10.2 million shares worth about $858 million; while George Soros‘ Soros Fund Management holds 1.67 million shares with a market value of about $141.5 million in the company.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.
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