Glaukos (GKOS) Reaches 52-Week High: What's Aiding the Stock?

Shares of Glaukos Corporation (GKOS) scaled a new 52-week high of $111.47 on May 13, before closing the session slightly lower at$108.36. Over the past year, this Zacks Rank #3 (Hold) stock has surged 80.9% compared with the 5.8% rise of the industry and the S&P 500's 26.5% growth. The company's expected growth rate of 0.4% for 2024 compares with the industry's growth projection of 14.1%. Glaukos is witnessing an upward trend in its stock price, prompted by its strength in its flagship iStent. The optimism ...