DJ Medtronic PLC Stock Underperforms Thursday When Compared To Competitors
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Shares of Medtronic PLC $(MDT)$ slipped 1.80% to $89.39 Thursday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.30% to 5,503.41 and Dow Jones Industrial Average falling 0.54% to 40,755.75.
The stock's fall snapped a three-day winning streak.
Medtronic PLC closed $2.10 below its 52-week high ($91.49), which the company achieved on September 4th.
The stock underperformed when compared to some of its competitors Thursday, as Johnson & Johnson $(JNJ)$ fell 1.42% to $164.99, $Danaher Corp(DHR-W)$. $(DHR)$ rose 0.08% to $264.71, and Abbott Laboratories $(ABT)$ fell 1.14% to $113.10.
Trading volume (6.8 M) eclipsed its 50-day average volume of 6.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled September 5, 2024.
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(END) Dow Jones Newswires
September 05, 2024 16:42 ET (20:42 GMT)
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