Globus Medical (GMED) Hits 52-Week High: What's Driving It?
Globus Medical(GMED) zacks.com·2024-05-23 13:56
Shares of Globus Medical (GMED) reached a new 52-week high of $67.37 on May 22 before closing the session marginally lower at $67.15. In the past year, this Zacks Rank #3 (Hold) stock has rallied 25.8% compared with the 12.1% growth of the industry and the S&P 500 composite's rise of 29.5%. Globus Medical has an expected 2024 sales growth rate of 57.8%. Earnings for the year are projected to increase by 20.7% compared with the industry's 13.3%. The company topped earnings estimates in each of the trailing f ...