Intuitive Surgical on Track for Largest Percent Decrease in Nearly Five Years

Intuitive Surgical Inc. (ISRG) is currently at $490.61, down $37.45 or 7.09%

— Would be lowest close since Jan. 8, 2019, when it closed at $482.99

— On pace for largest percent decrease since April 23, 2014, when it fell 11.46%

— Earlier Monday, Canaccord Genuity and Raymond James lowered their price target for Intuitive Surgical, Benzinga reported

— On Thursday, Intuitive Surgical reported first-quarter net profit totaled $306.5 million, or $2.56 a share. Excluding stock-based compensation and other items, profit rose to $2.61 from $2.44 a share a year earlier. Revenue jumped 15% to $973.7 million. Analysts surveyed by FactSet expected $2.28 a share in profit, or $2.70 a share as adjusted, on $975 million in revenue

— Currently down six of the past seven days

— Down 14.02% month-to-date

— Up 2.44% year-to-date

— Traded as low as $490.06; lowest intraday level since Jan. 29, 2019, when it hit $486.64

— Down 7.2% at today’s intraday low; largest intraday percent decrease since Nov. 19, 2018, when it fell as much as 7.43%

— Worst performer in the S&P 500 today

— Worst performer in the Nasdaq 100 today

https://www.marketscreener.com/INTUITIVE-SURGICAL-9740/news/Intuitive-Surgical-Down-Over-7-on-Track-for-Largest-Percent-Decrease-in-Nearly-Five-Years-Data-28459437/