Market Overview

Why Medtronic's Stock Is Trading Higher Today

Share:
Why Medtronic's Stock Is Trading Higher Today

Medtronic (NYSE: MDT) shares are trading higher on Wednesday after the company announced it would acquire an artificial intelligence surgery company Medicrea.

Medtronic develops and manufactures therapeutic medical devices for chronic diseases. Its portfolio includes pacemakers, defibrillators, heart valves, stents, insulin pumps, spinal fixation devices, neurovascular products, and surgical tools.

The company markets its products to health care institutions and physicians in the United States and overseas. Foreign sales account for almost 50% of the company's total sales.

Medtronic shares were trading up 2.70% at $97.21 during the time of publication on Wednesday. The stock has a 52-week high of $122.15 and a 52-week low of $72.13.

Related Links:

Medtronic Reports Q2 Earnings Beat, Raises Guidance

Musk Says Tesla Has 'Extra' Ventilators Ready For Shipping

 

Related Articles (MDT)

View Comments and Join the Discussion!

Posted-In: why it's movingM&A News

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com