Edwards Lifesciences shares are trading lower. The stock may be down in sympathy with Abbott, which fell after reporting Q1 earnings.
Portfolio Pulse from Benzinga Newsdesk
Edwards Lifesciences shares are trading lower, potentially due to a negative reaction to Abbott's Q1 earnings report, suggesting a sympathetic market response.
April 17, 2024 | 4:09 pm
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NEGATIVE IMPACT
Abbott's stock fell after reporting Q1 earnings, potentially impacting related stocks like Edwards Lifesciences.
Abbott's disappointing Q1 earnings report has not only affected its own stock but also appears to have had a negative impact on related stocks such as Edwards Lifesciences, demonstrating the ripple effect within the sector.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Edwards Lifesciences shares are trading lower, possibly due to Abbott's disappointing Q1 earnings, indicating a sympathetic market movement.
Edwards Lifesciences' stock decline is likely a result of Abbott's Q1 earnings miss, reflecting how interconnected companies in the same sector can impact each other's stock performance.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80