Thinking about investing in Medtronic stock? Take a look at this guide to find out useful information about the stock, such as influencing factors, historical price, advantages and disadvantages.
Medtronic is a company specializing in the design, manufacture and sale of medical devices and equipment. It is one of the world leaders in the sector. Its main activities are focused on the sale of devices for the control of cardiac rhythm, treatment of cardiovascular, neurological and spinal diseases and many others. Medtronic stock is currently listed on the Main Market in the United States.
If you're interested in this asset, this guide will give you the basics about Medtronic's business as well as some analysis of the pros and cons of this stock.
In 1940, Earl Bakken and his brother-in-law Palmer Hermund Lie joined forces to create a medical device repair shop in a garage. A few years later, they discovered in a magazine the plans for an electric metronome. From this discovery came the brilliant idea of developing a device capable of delivering an electrical impulse at a regular rhythm. This invention would be used to fight against cardiac arrhythmia problems. This is where Medtronic was born in 1949.
Today, Medtronic is a major player in the manufacture of medical devices. The company's revenues are generated by :
Medtronic's success lies primarily in the broad range of products and medical solutions it offers. In addition, the company works continually to improve its products.
Medtronic stock is currently listed on the NYSE Main Market. It is included in the calculation of the SP100 stock index. Its value has experienced significant volatility over the past 10 years. The most significant losses were recorded between August 2008 and March 2009, when Medtronic's share value fell from $56.5 to $28.58.
But since then, there has been an upward trend that reached an all-time high of $88.34 in 2016. The following year, Medtronic's market capitalization reached MSUD 114,363.50. This makes it one of the 100 largest market capitalization companies in the United States.
Before you invest in Medtronic stock, here's a brief overview of its pros and cons.
Factors that can lead to an increase in stock prices include :
Disadvantages include :