DJ Medtronic PLC Stock Underperforms Tuesday When Compared To Competitors Despite Daily Gains
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Shares of Medtronic PLC $(MDT)$ inched 0.43% higher to $88.96 Tuesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 2.12% to 5,528.93 and Dow Jones Industrial Average falling 1.51% to 40,936.93.
This was the stock's second consecutive day of gains.
Medtronic PLC closed $1.17 below its 52-week high ($90.13), which the company achieved on August 26th.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Johnson & Johnson $(JNJ)$ rose 0.78% to $167.16, $Danaher Corp(DHR-W)$. $(DHR)$ fell 1.89% to $264.23, and Abbott Laboratories $(ABT)$ rose 1.23% to $114.66.
Trading volume (4.5 M) remained 1.8 million below its 50-day average volume of 6.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled September 3, 2024.
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(END) Dow Jones Newswires
September 03, 2024 16:42 ET (20:42 GMT)
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