ISRG Nears $600: Can the Stock Breach the Mark Again This Month?

Shares of Intuitive Surgical (ISRG) breached $600 on Jan. 21 but failed to sustain the level. The stock price fell below the psychological level after only three trading sessions, which closed at$595.55 on Feb. 17. Although the stock has shown a strong uptrend since November 2023, shares are trading at a significant premium to the industry’s valuation, raising concerns.In the past six months, ISRG’s shares have surged 22.7% against the Zacks Medical - Instruments industry’s decline of 0.8% and the broader ...