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Based in San Ramon, California, The Cooper Companies, Inc. (COO) is a global leader in medical devices. Valued at a market cap of $20.6 billion, the company specializes in contact lenses and surgical products, making significant contributions to eye care and women’s health on a global scale.
Shares of the leading medical instrument maker have underperformed the broader market considerably over the past year. The stock has gained 23.5% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 31.8%. Also, in 2024, COO is up 9.3%, compared to the SPX’s 25.8% rise on a YTD basis.