Masimo Corporation Fell 12.7% in August -- but Why?
Shares of Masimo Corporation (NASDAQ: MASI), a medical-device company focused on noninvasive testing equipment, fell by more than 12% in August, according to data from S&P Global Market Intelligence. The cause of the decline isn't entirely clear, because the company reported strong second-quarter results and even raised full-year guidance.
Here's a look back at the headline numbers from the company's second quarter:
Even though Masimo posted great results and raised guidance, its stock still fell about 10% in the trading session following this report.
Source: Fool.com
Masimo Corp. Stock
€106.35
-0.710%
With 7 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
With a target price of 151 € there is a positive potential of 41.98% for Masimo Corp. compared to the current price of 106.35 €.
