Published on 22 Dec 2022 on Market Watch
Abiomed Inc. stock rises Wednesday, still underperforms market
Shares of Abiomed Inc. inched 0.06% higher to $381.02 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 1.49% to 3,878.44 and the Dow Jones Industrial Average rising 1.60% to 33,376.48. Abiomed Inc. closed $0.97 below its 52-week high ($381.99), which the company reached on November 1st.
The stock underperformed when compared to some of its competitors Wednesday, as Medtronic PLC rose 0.60% to $77.16, Stryker Corp. rose 1.23% to $241.54, and Boston Scientific Corp. rose 0.52% to $46.08. Trading volume (20.4 M) eclipsed its 50-day average volume of 1.3 M.