Published on 10 May 2022 on Market Watch
Stryker Corp. stock falls Tuesday, underperforms market
Shares of Stryker Corp. dropped 0.65% to $227.51 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.25% to 4,001.05 and the Dow Jones Industrial Average falling 0.26% to 32,160.74. This was the stock's fourth consecutive day of losses. Stryker Corp. closed $53.65 short of its 52-week high ($281.16), which the company reached on September 9th.
The stock underperformed when compared to some of its competitors Tuesday, as Medtronic PLC rose 0.73% to $100.31, Boston Scientific Corp. rose 0.94% to $38.65, and Edwards Lifesciences Corp. rose 0.15% to $94.83. Trading volume (1.9 M) eclipsed its 50-day average volume of 1.6 M.