NEW YORK, August 30, 2016 /PRNewswire/ --
The Medical Appliances and Equipment industry includes companies that manufacture medical instruments such as dental and surgical appliances. Stocks in this space tend to offer below-average dividend yields when compared to the wider market. Stock-Callers.com now reviews the recent performances of the following equities: Abbott Laboratories (NYSE: ABT), Boston Scientific Corp. (NYSE: BSX), Medtronic PLC (NYSE: MDT), and Hologic Inc. (NASDAQ: HOLX). Learn more about these stocks by accessing their free research reports at:
Abbott Park, Illinois headquartered Abbott Laboratories' shares gained 0.63%, closing Monday's trading session at $43.25. The stock recorded a trading volume of 9.19 million shares. Shares of the Company have advanced 9.81% in the previous three months. The stock is trading 2.25% above its 50-day moving average and 5.49% above its 200-day moving average. Additionally, shares of Abbott Laboratories, which manufactures and sells health care products worldwide, have a Relative Strength Index (RSI) of 46.62.
On August 26th, 2016, Bloomberg reported that Alere Inc. sued Abbott Laboratories to compel the completion of their pending $5.8 billion takeover deal, claiming the medical-device maker failed to get U.S. antitrust clearance in an effort to scuttle the contentious transaction. Abbott "has breached the merger agreement between the parties by failing to promptly secure antitrust approvals and other regulatory requirements," Alere said in a filing in Delaware Chancery Court, as per the article. Free research report on ABT is available at:
On Monday, shares in Marlborough, Massachusetts headquartered Boston Scientific Corp. recorded a trading volume of 6.90 million shares. The stock rose 1.38%, ending the day at $24.30. The Company's shares have advanced 0.08% in the last month, 7.00% in the previous three months, and 31.78% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 2.76% and 19.94%, respectively. Furthermore, shares of Boston Scientific, which develops, manufactures, and markets medical devices for use in various interventional medical specialties worldwide, have an RSI of 58.20.
On August 9th, 2016, Boston Scientific announced that it has received U.S. Food and Drug Administration (FDA) approval for the EMBLEM™ MRI Subcutaneous Implantable Defibrillator (S-ICD) System, as well as magnetic resonance conditional labeling for all previously implanted EMBLEM S-ICD Systems. The EMBLEM S-ICD System is a proven treatment option for patients at risk of sudden cardiac arrest, that leaves the heart and vasculature untouched, thus reducing the risk of complications associated with conventional transvenous implantable cardioverter-defibrillator leads. The complimentary research report on BSX can be downloaded at:
Dublin, Ireland headquartered Medtronic PLC's stock finished the day 0.99% higher at $87.46 with a total trading volume of 3.71 million shares. The Company's shares have gained 9.21% in the previous three months and 14.85% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 0.70% and 10.26%, respectively. Additionally, shares of Medtronic, which manufactures and sells device-based medical therapies worldwide, have an RSI of 52.86.
On August 26th, 2016, Medtronic announced that, in connection with the completion of the acquisition of HeartWare by Medtronic, HeartWare has commenced an offer to repurchase, at the option of each holder, any and all of its outstanding 3.50% Convertible Senior Notes due 2017 and 1.75% Convertible Senior Notes due 2021.
On August 26th, 2016, research firm Needham reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $93 a share to $95 a share. Visit us today and access our complete research report on MDT at:
Shares in Marlborough, Massachusetts headquartered Hologic Inc. ended yesterday's session 0.18% lower at $38.73. The stock recorded a trading volume of 1.88 million shares. The Company's shares have advanced 0.62% in the last one month, 12.55% over the previous three months, and 0.10% on an YTD basis. The stock is trading 5.30% and 7.31% above its 50-day and 200-day moving averages, respectively. Moreover, shares of Hologic, which develops, manufactures, and supplies diagnostics products, medical imaging systems, and surgical products for women in the US, Europe, the Asia-Pacific, and internationally, have an RSI of 60.30.
On August 27th, 2016, Reuters reported that the FDA recommended that all blood donated in the US and its territories be tested for Zika virus. In states and territories with local, mosquito-borne transmission, the recommendations will go into effect immediately. Peter Marks, director of the FDA's Center for Biologics Evaluation and Research, said that Hologic and Roche Molecular Systems had been granted special approval for their tests to be used to screen the blood supply.
On August 01st, 2016, research firm RBC Capital Markets reiterated its 'Sector Perform' rating on the Company's stock with an increase of the target price from $37 a share to $39 a share. Get free access to your research report on HOLX at:
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