MASSDEVICE ON CALL — Medtech titan Stryker (NYSE:SYK) hit a new lifetime high on Friday with shares rising to $84.85 apiece.
The share spiked after a gradual incline over the course of Thursday, April 3, peaking in the late morning on Friday before settling down to close at $82.60, a 1.8% drop on the day.
The orthopedics maker has made some big moves in the last month, closing the $120 million acquisition of Patient Safety Technologies and an closed-doors acquisition of Pivot Medial. The company also settled a lawsuit alleging that the company overcharged the U.S. Veterans Affairs Dept. for medical equipment.
SYK shares have gained about 10% since the start of the year and have jumped more than 26% since about a year ago.
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