Investors sent shares of Medtronic (NYSE:MDT) to a year-long high yesterday, a day ahead of the medical device company’s scheduled earnings release for its fiscal 1st quarter.
Shares in the world’s largest pure-play med-tech firm hit $41.57 – a 52-week high – on their way to a $41.45 close on Wall Street yesterday afternoon, ending the trading day up 1.5%. Since August 22, 2011, MDT shares have gained 32.5%.