Published on 12 Dec 2022 on Market Watch
Abiomed Inc. stock falls Monday, underperforms market
Shares of Abiomed Inc. slid 0.19% to $380.01 Monday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.43% to 3,990.56 and the Dow Jones Industrial Average rising 1.58% to 34,005.04. Abiomed Inc. closed $1.98 below its 52-week high ($381.99), which the company reached on November 1st.
The stock underperformed when compared to some of its competitors Monday, as Medtronic PLC rose 1.43% to $79.71, Stryker Corp. rose 1.86% to $249.17, and Boston Scientific Corp. rose 1.95% to $47.13. Trading volume (1.3 M) eclipsed its 50-day average volume of 1.1 M.