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How to Buy Stryker Corporation Stock [2024] | Step-by-Step

How to Buy Stryker Corporation stock
Nemanja Curcic

Summary: Stryker Corporation is among the world’s leading medical devices and technology companies, specializing in orthopedics, medical and surgical, and neurotechnology products. This guide will explain to investors how to buy Stryker Corporation stock using a regulated third-party investing service like eToro.

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About Stryker Corporation

Stryker Corporation (NYSE: SYK) is a multinational American medical device and products company focusing on improving patient and healthcare outcomes worldwide.

Based in Kalamazoo, Michigan, Stryker Corporation offers cutting-edge products and services in three branches: orthopedics, MedSurg, and neurotechnology. Its product portfolio includes joint replacements, endoscopic and communications systems, and neurosurgical and spinal devices, among many others.

How to Buy Stryker Corporation Stock: homepage screenshot.
Stryker Corporation homepage screenshot. Source: stryker.com

Stryker’s products are available in over 75 countries and impact more than 130 million patients annually. Founded in 1941, it has more than eight decades of experience in the industry. Furthermore, it is a component of the S&P 500 index.

Stryker Corporation trades on the NYSE stock market under the ticker SYK.

For more investing opportunities in the medical device industry, consider the following articles:

How to buy Stryker Corporation stock: step-by-step

With a reputable investing service, you can purchase Stryker Corporation stock in a few steps within minutes. Do the following to invest in this medical technology company:

Step 1: Choose a broker

You should access the stock market using a third-party investing platform to buy Stryker Corporation stock. The most evident and effective option is a regulated online brokerage.

To securely buy Stryker Corporation stock, we recommend you consider eToro:

  • Commission-free stock and ETF trading; 
  • 2,000+ stocks from 17 exchanges;
  • Fractional shares available;
  • User-friendly platform.

Highly Rated Stock Trading & Investing Platform

  • Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.

  • 0% commission on buying stocks - buy in bulk or just a fraction from as little as $10.

  • Copy top-performing traders in real time, automatically.

  • Regulated by financial authorities including FCA and FINRA.

2.8 Million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Step 2: Open and fund your account

After you select your brokerage, continue to create and verify your new account. The service should email you the correct instructions for this within minutes.

Once you complete the verification process, you should deposit some funds into your account to prepare to buy Stryker Corporation stock. Usually, available funding methods include bank transfers, debit or credit cards, and transaction services like PayPal.

Step 3: Decide how much you want to spend on buying Stryker Corporation stock

Limiting your budget before buying shares in Stryker Corporation is one of the prerequisites for a successful investing outcome. Overextending can lead to significant financial troubles due to a spiraling debt. To secure a stable and safe investment, make sure you have done the following:

  • Paid off all high-interest debt, such as credit cards and personal loans;
  • Created an emergency fund that covers at least three months of daily life expenses.

Remember

Never invest what you cannot afford to lose.

Step 4: Place your order and buy Stryker Corporation stock

What is next is placing an order and purchasing Stryker Corporation shares. Perform the following: 

  • Step 1: Log into your account and find Stryker Corporation’s ticker symbol (SYK);
  • Step 2: Type in the amount or the number of Stryker Corporation shares you want to buy;
  • Step 3: Select the order type (market order or limit order) and place it;
  • Step 4: Confirm the trade order.

Step 5: Monitor and manage your investment

Those investing in individual stocks should regularly manage and monitor their portfolios. For a better likelihood of success, you must also closely observe the ongoing market trends and frequently update your information on Stryker Corporation and the overall state of the medical technology industry. 

Note

Keeping up-to-date with relevant information increases the success rate of your investment.

Stryker Corporation stock price today

Pros and cons of buying Stryker Corporation stock

Pros

Pros

  • Industry leader: Stryker Corporation is a prominent company and global player in the medical technology industry, especially in the orthopedics, medical and surgical, and neurotechnology branches;
  • Worldwide presence: Stryker Corporation operates globally, providing geographic diversification and exposure to different healthcare markets;
  • Innovation: The company has a tradition of innovation and investing in research and development, which proves fertile for the development of new products and technologies, keeping Stryker competitive;
  • Stable demand: The demand for medical devices and technologies has maintained a historically steady growth. Driven by factors such as aging populations and advancements in healthcare, the market is likely to support stable demand for Stryker Corporation’s products.
Cons

Cons

  • Competition: Stryker Corporation faces competition from other big players in the medical technology sector. The rising competition could bring down the company’s market share and pricing power;
  • Regulatory risks: The medical industry is highly regulated, and regulation shifts can affect the manufacturing, marketing, and sale of medical devices;
  • Dependency on healthcare: Stryker Corporation’s success depends on the general status of healthcare systems worldwide. Changes in reimbursement policies or healthcare spending could affect the company’s financial results;
  • Currency risk: As a global company, Stryker Corporation is exposed to currency fluctuations, which can impact its financial results, especially when repatriating earnings from different regions.

For more investment opportunities in the medical industry, check out the following guides:

You may also want to explore some prominent brands in the medical sector with a solid position in the medical device market, including:

Common mistakes to avoid when buying Stryker Corporation stock

Make sure to avoid these common investing mistakes:

  • Lack of research: Research Stryker Corporation and its stock in detail, along with the market state of the medical devices industry, before investing;
  • Lack of strategy: Set your goals before you spend any money;
  • Staking everything on one asset: Always diversify your portfolio;
  • Falling prey to scams: Avoid illegal platforms and suspicious deals;
  • Fear of missing out: If the numbers do not add up, do not invest: it is better to miss out than lose money.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

FAQs about how to buy Stryker Corporation stock

Is Stryker Corporation a public company?

Stryker Corporation is a public company listed on the NYSE under SYK.

Who owns the most Stryker stock?

The top five shareholders of Stryker are: The Vanguard Group (7.70%), Greenleaf Asset Management (5.09%), BlackRock Fund Advisors (4.43%), SSgA Funds Management (3.69%), and Wellington Management Co. LLP (3.60%). 

What's Stryker Corporation's stock symbol?

Stryker Corporation trades on the NYSE under the ticker symbol SYK.

How do I buy Stryker Corporation stock?

You can buy shares in Stryker Corporation on the stock exchange using an online brokerage like eToro.

Where can I buy Stryker Corporation stock online?

Investors can buy Stryker Corporation stock online from the stock market that lists it. You will have to use a third-party brokerage platform like eToro

Does Stryker Corporation stock pay dividends?

Stryker Corporation’s stock has a decades-long tradition of paying dividends. Its annual dividend yield as of January 2024 is 1.04%

Is Stryker a good stock to buy?

The answer depends on several factors, primarily on the state of the medical device market and the company’s financial status. Make sure to do your own research to maximize the success chance of your investment. 

Highly Rated Stock Trading & Investing Platform

  • Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.

  • 0% commission on buying stocks - buy in bulk or just a fraction from as little as $10.

  • Copy top-performing traders in real time, automatically.

  • Regulated by financial authorities including FCA and FINRA.

2.8 Million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

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