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Why Intuitive Surgical Stock Jumped 17% in April

TheMotleyFool

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Why Intuitive Surgical Stock Jumped 17% in April

Shares of Intuitive Surgical (NASDAQ: ISRG) were climbing last month as the maker of the da Vinci surgical robot posted better-than-expected results in its first-quarter earnings report, easily beating estimates on the top and bottom lines. The stock also got a boost from an analyst upgrade earlier in the month as well as general optimism about the economic reopening and President Joe Biden's infrastructure bill, which includes money for healthcare.

According to data from S&P Global Market Intelligence, the stock finished last month up 17%. As you can see from the chart below, the stock gained through much of April before shooting higher on April 21 when its earnings report came out.