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

Kate Stalter
Written by Kate Stalter
April 12, 2023

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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Kate Stalter
About The Author

Kate Stalter

Contributing Author

Retirement, Asset Allocation, and Tax Strategies

Learn More about Kate Stalter
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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Shockwave Medical (SWAV)
2.2999 of 5 stars		$334.75flatN/A78.21Hold$320.50
GE HealthCare Technologies (GEHC)
4.4692 of 5 stars		$82.32-3.0%0.15%22.62Moderate Buy$94.36
Intuitive Surgical (ISRG)
4.7234 of 5 stars		$550.43+1.6%N/A88.49Moderate Buy$524.61
Align Technology (ALGN)
4.7298 of 5 stars		$228.39+2.0%N/A38.97Hold$276.38
Zimmer Biomet (ZBH)
4.6992 of 5 stars		$108.40-0.8%0.89%20.61Hold$123.22
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