DJ Medtronic PLC Stock Underperforms Wednesday When Compared To Competitors
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Shares of Medtronic PLC $(MDT)$ slipped 0.53% to $88.33 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.60% to 5,592.18 and Dow Jones Industrial Average falling 0.39% to 41,091.42.
This was the stock's second consecutive day of losses.
Medtronic PLC closed $1.80 below its 52-week high ($90.13), which the company reached on August 26th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Johnson & Johnson $(JNJ)$ rose 0.60% to $163.92, $Danaher Corp(DHR-W)$. $(DHR)$ fell 1.03% to $266.06, and Abbott Laboratories $(ABT)$ fell 0.18% to $112.90.
Trading volume (4.1 M) remained 2.3 million below its 50-day average volume of 6.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled August 28, 2024.
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(END) Dow Jones Newswires
August 28, 2024 16:42 ET (20:42 GMT)
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