Wright Medical Group (NASDAQ:WMGI) : Traders are bullish on Wright Medical Group (NASDAQ:WMGI) as it has outperformed the S&P 500 by a wide margin of 2.99% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 7.65%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 9.03% in the last 1 week, and is up 4.65% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have dropped -22.96% from its 1 Year high price. On Jul 15, 2015, the shares registered one year high at $26.13 and the one year low was seen on Feb 10, 2016. The 50-Day Moving Average price is $18.47 and the 200 Day Moving Average price is recorded at $18.73.
The stock has recorded a 20-day Moving Average of 11.05% and the 50-Day Moving Average is 7.31%.
Wright Medical Group (NASDAQ:WMGI): stock turned positive on Friday. Though the stock opened at $19.24, the bulls momentum made the stock top out at $19.88 level for the day. The stock recorded a low of $18.83 and closed the trading day at $19.8, in the green by 3.66%. The total traded volume for the day was 1,201,292. The stock had closed at $19.1 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Walker Jennifer S., officer (SVP, Process Improvement) of Wright Medical Group N.V., had unloaded 1,167 shares at an average price of $19.34 in a transaction dated on June 2, 2016. The total value of the transaction was worth $22,570.
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.