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Portage, Michigan-based Stryker Corporation (SYK) is a medical technology company that offers innovative products and services in MedSurg, Neurotechnology, and Orthopaedics that help improve patient and healthcare outcomes. Valued at a market cap of $147 billion, the company’s products are marketed directly to doctors, hospitals, and other healthcare facilities.
This healthcare giant’s shares have lagged behind the broader market over the past 52 weeks. Stryker has gained 10.2% over this time frame, while the broader S&P 500 Index ($SPX) has soared 22.3%. Nonetheless, the stock is up 7% on a YTD basis, outpacing SPX’s 4% rise during the same time frame.