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Valued at a market cap of $172.5 billion, Intuitive Surgical, Inc. (ISRG) is a medical technology company that develops and markets robotic-assisted surgical systems, instruments, and related digital solutions used in minimally invasive procedures. The California-based company provides surgical robots, instruments, accessories, and training to hospitals and surgeons worldwide.
This global technology leader in minimally invasive care and the pioneer of robotic-assisted surgery has struggled to keep up with the broader market over the past 52 weeks. Shares of Intuitive Surgical have declined 17.9% over this time frame, while the broader S&P 500 Index ($SPX) has gained 11.8%. Moreover, on a YTD basis, the stock is down 14.2%, compared to SPX’s marginal dip.