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Updated · MarketWatch · May 8Stryker Corp stock sheds 2.98% and underperforms market
7 articles · Updated · MarketWatch · May 8
- Shares closed at $285.47 on Friday as the S&P 500 rose 0.84% to 7,398.93 and the Dow Jones Industrial Average edged up 0.02% to 49,609.16.
- Stryker finished 29.49% below its 52-week high of $404.87, reached on 23 July.
- Among peers, Medtronic fell 2.32%, Intuitive Surgical slipped 0.76%, and Edwards Lifesciences dropped 3.38%, leaving Stryker's performance mixed against competitors despite the broader market's gains.
After a 'devastating' cyberattack, can Stryker realistically meet its ambitious full-year financial guidance? Is the Stryker attack a warning that the MedTech industry's cybersecurity is critically lagging behind its innovation? With surgeries delayed by a cyberattack, what guarantees can Stryker offer hospitals against future supply chain disruptions?