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Valued at a market cap of $40 billion, GE HealthCare Technologies Inc. (GEHC) develops, manufactures, and markets products, services, and complementary digital solutions used in the diagnosis, treatment, and monitoring of patients. The Chicago, Illinois-based company operates through four segments: Imaging, Ultrasound, Patient Care Solutions, and Pharmaceutical Diagnostics.
Shares of this healthcare company have lagged behind the broader market over the past 52 weeks. GEHC has gained 7.6% over this time frame, while the broader S&P 500 Index ($SPX) has gained 20.7%. Nonetheless, on a YTD basis, the stock is up 11.9%, compared to SPX’s 3.1% rise