Stryker Corp.’s surprising acquisition of Mako Surgical for $1.41 billion provided a boost for some medical device manufacturers. "This surprising announcement will have a positive impact on how the Street will view merger and acquisition opportunities among the remaining robotic surgical instrument companies, as Stryker's strategic direction as well as its willingness to pay will likely re-energize investors' sentiments on robotic surgical instrument companies that had been generally considered to face headwinds in increasingly low-cost-focused future of health care," wrote Janney Capital Markets analyst Spencer Nam.
Accuray Incorporated (NASDAQ: ARAY) shares traded in the range of $7.04 to $7.17 Wednesday before settling to close at $7.12, an increase of 1.86 percent. The stock appears to be facing some resistance at $7.19 with some support at the $6.80 and $6.37 levels. Shares of Accuray have gained approximately 10.0 percent in 2013.
More information on Accuray and access to the free equity report can be found at:
www.WallStreetFundamentals.com/ARAY
Hansen Medical, Inc. (NASDAQ: HNSN) shares traded in the range of $1.64 to $1.89 Wednesday before settling to close at $1.85, an increase of 14.91 percent. The stock appears to be facing some resistance at the $1.90 and $1.96 levels with some support at $1.77. Shares of Hansen Medical have fallen approximately 11.0 percent in 2013.
More information on Hansen Medical and access to the free equity report can be found at:
www.WallStreetFundamentals.com/HNSN
Intuitive Surgical, Inc. (NASDAQ: ISRG) shares traded in the range of $365.54 to $379.99 Wednesday before settling to close at $367.31, an increase of 0.94 percent. The stock appears to be facing some resistance at the $372.50, $385.14 and $394.63 levels. Shares of Intuitive Surgical have fallen approximately 25.0 percent in 2013.
More information on Intuitive Surgical and access to the free equity report can be found at:
www.WallStreetFundamentals.com/ISRG
Stereotaxis Inc. (NASDAQ: STXS) shares traded in the range of $3.40 to $3.72 Wednesday before settling to close at $3.43, an increase of 8.20 percent. The stock appears to be facing some resistance at the $3.47 and $5.73 levels with some support at $1.79. Shares of Stereotaxis have gained approximately 35.0 percent in 2013.
More information on Stereotaxis and access to the free equity report can be found at:
www.WallStreetFundamentals.com/STXS
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