Updated
Updated · MarketWatch · Apr 28Stryker Corp. stock falls 2.30 percent and underperforms competitors in rough market session
10 articles · Updated · MarketWatch · Apr 28
- Stryker Corp. shares closed at $321.43 on Tuesday, 20.61% below their 52-week high of $404.87.
- The stock's decline outpaced Medtronic, Intuitive Surgical, and Edwards Lifesciences, which dropped 1.23%, 0.92%, and 1.41% respectively.
- Trading volume for Stryker reached 2.0 million, matching its 50-day average, as the S&P 500 and Dow Jones also posted losses.
How will the costly cyberattack affect Stryker's ability to meet its ambitious 2026 earnings goals? Why did Stryker's CEO sell nearly $9 million in stock days after the crippling cyberattack? Could Stryker face regulatory action over its cyberattack disclosures and the CEO's stock sale? Beyond technical fixes, how is Stryker rebuilding trust with hospitals that faced surgical delays? Was Stryker's cyberattack a random act or a targeted strike in a larger geopolitical conflict? Is the entire medical device industry prepared for similar cyberattacks that can shut down operations?