DJ Medtronic PLC Stock Rises Friday, Still Underperforms Market
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Shares of Medtronic PLC $(MDT)$ inched 0.44% higher to $88.58 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.01% to 5,648.40 and the Dow Jones Industrial Average rising 0.55% to 41,563.08.
The stock's rise snapped a three-day losing streak.
Medtronic PLC closed $1.55 below its 52-week high ($90.13), which the company reached on August 26th.
The stock underperformed when compared to some of its competitors Friday, as Johnson & Johnson $(JNJ)$ rose 0.99% to $165.86, $Danaher Corp(DHR-W)$. $(DHR)$ rose 0.86% to $269.31, and Abbott Laboratories $(ABT)$ rose 0.45% to $113.27.
Trading volume (7.6 M) eclipsed its 50-day average volume of 6.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled August 30, 2024.
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(END) Dow Jones Newswires
August 30, 2024 16:42 ET (20:42 GMT)
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