Wright Medical Group (WMGI) : Traders are bullish on Wright Medical Group (WMGI) as it has outperformed the S&P 500 by a margin of 22.12% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.75%, 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 3.38% in the last 1 week, and is up 30.37% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Wright Medical Group (NASDAQ:WMGI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $21.70 and $21.21 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $21.75. The buying momentum continued till the end and the stock did not give up its gains. It closed at $21.72, notching a gain of 0.09% for the day. The total traded volume was 1,615,154 . The stock had closed at $21.70 on the previous day.
The stock has recorded a 20-day Moving Average of 12.67% and the 50-Day Moving Average is 14.92%. Wright Medical Group N.V. is up 14.2% in the last 3-month period. Year-to-Date the stock performance stands at -10.17%.
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.