Wright Medical Group (WMGI) has been under a strong bear grip, hence the stock is down -0.19% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.37% in the past 1 week. The stock has risen by 0.53% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.73% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 2.83% and the 50-Day Moving Average is 3.42%.The 200 Day SMA reached 21.58%
Wright Medical Group (NASDAQ:WMGI): After opening at $24.31, the stock dipped to an intraday low of $24.09 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $24.64 and the buying power remained strong till the end. The stock closed at $24.53 for the day, a gain of 1.62% for the day session. The total traded volume was 590,007. The stocks close on the previous trading day was $24.53.
Wright Medical Group (WMGI) : Currently there are 10 street experts covering Wright Medical Group (WMGI) stock. The most bullish and bearish price target for the stock is $33 and $23 respectively for the short term. The average price target of all the analysts comes to $27.2. The estimated standard deviation from the target is $2.97.
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.