Why Inspire Medical Systems Stock Is Trading Higher Today

Inspire Medical Systems (NYSE: INSP) shares are trading higher on Tuesday after the company reported better-than-expected third-quarter EPS and sales results.

Inspire Medical Systems operates as a medical technology company. It focuses on the development and commercialization of minimally invasive solutions for patients with obstructive sleep apnea (OSA). It offers Inspire system, a neurostimulation technology that provides a safe and effective treatment for moderate to severe obstructive sleep apnea. The firm has operating footprints in the United States and Europe wherein, it generates a majority of its revenue from the United States.

Inspire Medical Systems shares were trading up 24.71% at $151.36 on Tuesday. The stock has a 52-week high of $153.83 and a 52-week low of $40.53.