Penumbra Rallies 35.9% in a Year: What's Driving the Stock?

Penumbra’s (PEN) shares have registered impressive momentum in the past year, with shares rallying 35.9%. It has outperformed the industry’s 13.3% decline. However, the S&P 500 composite has gained 11.6% during the same period.Carrying a Zacks Rank #3 (Hold) at present, the renowned thrombectomy company benefits from the strong customer uptake of its Lightning Bolt and Flash lines in both the U.S. and international markets. Penumbra’s overseas operations show strong potential for growth and profit improveme ...