Shockwave Medical Gets 10% Jolt, Leads Medical Gear Makers Higher

Key Points

  • Shockwave Medical shares climbed 10.64% on news that Medicare reimbursements for a coronary procedure could increase the usage of a company product.
  • Meanwhile, newly public GE HealthCare has rallied 38% this year. Shares are currently in a buy range.
  • Other medical device and product makers boasting strong chart action include Intuitive Surgical, Align Technology, and Zimmer Biomet.
  • Zimmer cleared a base on April 12 on an analyst upgrade. It's currently in a buy zone. 
  • 5 stocks we like better than Shockwave Medical

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Shockwave Medical (SWAV)
4.6385 of 5 stars
$330.00+0.3%N/A85.27Hold$309.11
GE HealthCare Technologies (GEHC)
4.3947 of 5 stars
$86.24+0.3%0.14%28.56Moderate Buy$95.09
Intuitive Surgical (ISRG)
4.7773 of 5 stars
$375.33+0.6%N/A67.75Moderate Buy$396.17
Align Technology (ALGN)
4.8946 of 5 stars
$309.02-0.5%N/A50.91Moderate Buy$341.36
Zimmer Biomet (ZBH)
4.9044 of 5 stars
$119.35-0.3%0.80%24.41Hold$139.39
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Kate Stalter

About Kate Stalter

  • stalterkate@gmail.com

Contributing Author

Retirement, Asset Allocation, and Tax Strategies

Experience

Kate Stalter has been a contributing writer for MarketBeat since 2021.

Additional Experience

Series 65-licensed investment advisor, financial advisor, Blue Marlin Advisors; investment columnist for Forbes, U.S. News & World Report

Areas of Expertise

Asset allocation, technical and fundamental analysis, retirement strategies, income generation, risk management, sector and industry analysis

Education

Bachelor of Arts, Saint Mary’s College, Notre Dame, Indiana; Master of Business Adminstration, Kellogg School of Management at Northwestern University

Past Experience

Founder, financial advisor for Better Money Decisions; editor, stock trading instructor for Investor’s Business Daily; columnist, podcast host, video host for MoneyShow.com; contributor for Morningstar magazine


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