How These Medical Equipment Stocks are Faring? -- Varian Medical Systems, Wright Medical, MiMedx, and NuVasive

Tuesday, February 21, 2017 Medical Gadgets
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NEW YORK, February 21, 2017 /PRNewswire/ --

On Friday, February 17, 2017, the NASDAQ

Composite, the Dow Jones Industrial Average, and the S&P 500 edged higher at the closing bell. Meanwhile, US markets stretched on both sides as four sectors ended last Friday's trading session in bullish territories, four sectors in bearish colors,
and one sector remained unchanged. Taking into consideration last Friday's market sentiment, assessed the following Medical Appliances & Equipment equities this morning: Varian Medical Systems Inc. (NYSE: VAR), Wright Medical Group N.V. (NASDAQ: WMGI), MiMedx Group Inc. (NASDAQ: MDXG), and NuVasive Inc. (NASDAQ: NUVA). Download the free research reports on these stocks today:

Varian Medical Systems  

Palo Alto, California headquartered Varian Medical Systems Inc.'s stock finished Friday's session 2.05% higher at $83.61 with a total volume of 2.13 million shares traded. Over the last one month and the previous three months, Varian Medical Systems' shares have gained 7.50% in the past one year. The Company's shares are trading below its 50-day and 200-day moving averages by 4.18% and 6.47%, respectively. Shares of Varian Medical Systems, which designs, manufactures, sells, and services medical devices and software products for treating cancer and other medical conditions worldwide, are trading at a PE ratio of 23.86. The stock has a Relative Strength Index (RSI) of 50.24.

On January 27th, 2017, research firm Barrington Research reiterated its 'Outperform' rating on the Company's stock with a decrease of the target price from $102 a share to $98 a share. See our free and comprehensive research report on VAR at:

Wright Medical  

Amsterdam, the Netherlands headquartered Wright Medical Group N.V.'s stock edged 0.56% higher, to close the day at $26.96. The stock recorded a trading volume of 987,441 shares, which was above its three months average volume of 710,710 shares. Wright Medical Group's shares have gained 8.84% in the last one month, 16.06% in the previous three months, and 55.75% in the past one year. The Company's shares are trading 9.88% and 19.85% above its 50-day and 200-day moving averages, respectively. Additionally, shares of the Company, which designs, manufactures, markets, and sells orthopedic products in the US, Europe, and internationally, have an RSI of 74.61.

On February 15th, 2017, research firm Needham downgraded the Company's stock rating from 'Buy' to 'Hold'. WMGI free research report PDF is just a click away at:


On Friday, shares in Marietta, Georgia headquartered MiMedx Group Inc. ended the session 0.24% higher at $8.29 with a total volume of 543,756 shares traded. MiMedx Group's shares have advanced 2.60% in the last one month and 5.20% in the previous one year. Shares of the Company, which develops, processes, and markets patent protected and proprietary regenerative biomaterial products and bioimplants processed from human amniotic membrane and other birth tissues, and human skin and bone, are trading at a PE ratio of 46.84. The stock is trading 0.83% above its 200-day moving average. Moreover, the Company's shares have an RSI of 53.34. Sign up for your complimentary report on MDXG at:


On Friday, shares in San Diego, California headquartered NuVasive Inc. recorded a trading volume of 469,119 shares. The stock ended the day 0.34% higher at $74.22. Shares of the Company, which develops and markets minimally-disruptive surgical products and procedurally-integrated solutions for spine surgery, are trading at a PE ratio of 94.19. NuVasive's stock has gained 6.04% in the last one month and 19.32% in the previous three months. Furthermore, the stock has rallied 90.55% in the past one year. The Company is trading above its 50-day and 200-day moving averages by 7.27% and 17.02%, respectively. Furthermore, NuVasive's shares have an RSI of 67.24. Register for free on and download the latest research report on NUVA at:


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