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Wajeeh Khan

Why Johnson & Johnson Is Sending Intuitive Surgical (ISRG) Stock Down Today

Intuitive Surgical ISRG JNJ Johnson & Johnson (

Intuitive Surgical (ISRG) shares ended in the red on July 22 after Johnson & Johnson (JNJ) secured marketing authorization from the U.S. Food and Drug Administration (FDA) for its new Ottava robotic surgical platform. This milestone marks JNJ’s debut into soft-tissue robotic surgery, directly challenging ISRG in its core market.

The announcement added to pressure on Intuitive Surgical stock, which was already down about 35% year-to-date heading into Wednesday.

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