Penumbra (PEN) Surges 6.3%: Is This an Indication of Further Gains?

Penumbra (PEN) shares rallied 6.3% in the last trading session to close at $252.23. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 1.5% loss over the past four weeks.Penumbra scored a strong price increase driven by optimism surrounding Stryker's entry into the high-growth mechanical thrombectomy (“MT”) sector with the acquisition of Inari Medical, Inc. A notable competitor like Stryker implies greater focus ...