What's Going On With Medtronic Stock?
Portfolio Pulse from Ryan Gustafson
Medtronic plc. (NYSE:MDT) shares are experiencing an uptrend, rising over 2.5% on Monday and approximately 20% over the past two months. The positive momentum follows better-than-expected Q2 results and increased full-year 2024 guidance. Recent FDA approvals for the PulseSelect PFA System and the Percept RC DBS system, along with CE Mark approval for the MiniMed 780G system with Simplera Sync, have contributed to the stock's rise.
January 08, 2024 | 8:54 pm
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Medtronic's stock is trading higher due to recent FDA approvals for its medical systems and positive Q2 results, with shares increasing over 2.5% on Monday and around 20% in the last two months.
The uptrend in Medtronic's stock is likely due to a combination of factors including better-than-expected Q2 earnings, increased guidance for FY2024, and recent regulatory approvals which may boost investor confidence in the company's growth prospects and innovation pipeline.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100