Why Wright Medical Group Shares Are Spiking Higher Today

Why Wright Medical Group Shares Are Spiking Higher Today

Shares of Wright Medical Group (NASDAQ: WMGI) were trading 10% higher earlier today after management reported second-quarter financial results that outpaced industry watchers' forecasts.

Wright Medical is a medical device company that sells products used in shoulder, elbow, wrist, hand, foot, and ankle procedures. It also markets biologics used in orthopedics. Apparently, business is good.

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Source: Fool.com