Medical Equipment Stocks Rally as BioMet Shows Solid US Growth (SYK) (ZMH) (WMGI) (ARTC)

June 15, 2012 12:05 PM EDT
Stocks in the Medical Equipment sector have spiked into positive territory Friday morning following preliminary US sales results from private peer BioMet. The company expects fourth-quarter sales to rise about 3 percent to $740 million. Sales of the company's artificial hips are expected to be up 8 percent during the quarter, while sales of artificial knees will likely be up about 6 percent.

Around the sector:
  • Stryker (NYSE: SYK) up 2.7 percent
  • Zimmer Holdings (NYSE: ZMH) up 3.7 percent
  • Wright Medical (Nasdaq: WMGI) up 2 percent
  • ArthroCare (Nasdaq: ARTC) up 1.4 percent

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Corporate News, Momentum Movers

Add Your Comment