Intuitive Surgical Stock Declines 0.7% in a Month: Is It Losing Steam?

Shares of Intuitive Surgical (ISRG) have lost 0.7% in the past month compared with the Zacks Medical - Instruments industry’s decline of 3.4% and the broader Zacks Medical sector’s fall of 4.6%. The S&P 500 Index has returned 3.8% in the same period. ISRG stock has risen 42.5% year to date, primarily due to strong demand for its robotic surgery procedures.The uptrend has continued so far in 2024 on improving da Vinci procedures, primarily due to promising uptake of the newly launched da Vinci 5. Moreover, i ...