Wright Medical Group (WMGI) has risen sharply, recording gains of 2.83% in the past 4 weeks. However, the stock has corrected -0.12% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.97% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.7% and the 50-Day Moving Average is 12.6%.The 200 Day SMA reached 23.5%. Wright Medical Group N.V. is up 27.77% in the last 3-month period. Year-to-Date the stock performance stands at 2.19%.
Wright Medical Group (NASDAQ:WMGI): After opening at $24.71, the stock dipped to an intraday low of $24.53 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $24.925 and the buying power remained strong till the end. The stock closed at $24.71 for the day, a gain of 0.41% for the day session. The total traded volume was 788,360. The stocks close on the previous trading day was $24.61.
Wright Medical Group, Inc. is a global specialty orthopaedic company. The Company through Wright Medical Technology, Inc. (WMT) and other subsidiaries provides extremity and biologic solutions that enable clinicians to alleviate pain and restore the patients lifestyles. The Company operates through three segments: U.S., International and BioMimetic. The Companys business includes products that are used in foot and ankle repair, upper extremity products and biologics products, which are used to replace damaged or diseased bone, to stimulate bone growth and to provide other biological solutions for surgeons and patients. The Companys products include extremity hardware, foot and ankle hardware, upper extremity hardware and biologics.