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Valued at a market cap of $140.5 billion, Stryker Corporation (SYK) is a leading medical technology company that develops innovative products and solutions across orthopaedics, medical and surgical equipment, and neurotechnology. The Portage, Michigan-based company is known for its cutting-edge implants, robotic surgical systems, advanced hospital equipment, and life-saving devices.
This healthcare giant has lagged behind the broader market over the past 52 weeks. Shares of SYK have declined 4.1% over this time frame, while the broader S&P 500 Index ($SPX) has gained 13.1%. Moreover, on a YTD basis, the stock is up 3.5%, compared to SPX’s 15.1% return.