Globus Medical Inc. Class A (GMED) Soars 6.8% on December 04

Equities Staff |

Globus Medical Inc. Class A (GMED) had a good day on the market for Monday December 04 as shares jumped 6.8% to close at $40.18. About 2.36 million shares traded hands on 15,493 trades for the day, compared with an average daily volume of 731,445 shares out of a total float of 96.38 million. After opening the trading day at $39.26, shares of Globus Medical Inc. Class A stayed within a range of $41.70 to $39.25.

With today's gains, Globus Medical Inc. Class A now has a market cap of $3.87 billion.

The stock has a P/E Ratio of 34.2. Shares of Globus Medical Inc. Class A have been trading within a range of $38.85 and $22.74 over the last year, and it had a 50-day SMA of $32.38 and a 200-day SMA of $30.95.

Globus Medical Inc is a medical device company. It operates under two divisions that include innovative fusion and disruptive technology developing products for patients with musculoskeletal disorders for various treatment.

Globus Medical Inc. Class A is based out of Audubon, PA and has some 1,400 employees. Its CEO is David M. Demski.

For a complete fundamental analysis of Globus Medical Inc. Class A, check out Equities.com’s Stock Valuation Analysis report for GMED.

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Globus Medical Inc. Class A is also a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

To get more information on Globus Medical Inc. Class A and to follow the company’s latest updates, you can visit the company’s profile page here: GMED’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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