Wright Medical Group Inc. (WMGI) Jumps 6.88% on February 17

Equities Staff |

Wright Medical Group Inc. (WMGI) was among the biggest gainers on the Russell 2000 for Wednesday February 17 as the stock popped 6.88% to $17.32, representing a gain of $1.115 per share. Some 999,399 shares traded hands on 6,656 trades, compared with an average daily volume of 843,773 shares out of a total float of 102.65 million. The stock opened at $16.37 and traded with an intraday range of $17.37 to $15.75.

After today's gains, Wright Medical Group Inc. reached a market cap of $1.78 billion. Wright Medical Group Inc. has had a trading range between $28.07 and $15.02 over the last year, and it had a 50-day SMA of $21.24 and a 200-day SMA of $23.50.

Wright Medical Group NV a medical device company, designs, manufactures, markets, and sells orthopaedic products in the United States, France, and internationally. It offers joint implants & bone fixation devices for the shoulder, elbow, foot, and ankle.

Wright Medical Group Inc. is based out of Amsterdam, and has some 1,121 employees. Its CEO is Robert J. Palmisano.

For a complete fundamental analysis analysis of Wright Medical Group Inc., check out Equities.com’s Stock Valuation Analysis report for WMGI. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

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.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

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



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