Why NuVasive, Inc. Stock Is Getting Crushed Today [The Motley Fool]
NuVasive, Inc. (NUVA)
Last nuvasive, inc. earnings: 2/20 04:02 pm
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US:NASDAQ Investor Relations:
ir.nuvasive.com/investor-overview
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Source: The Motley Fool
Why NuVasive, Inc. Stock Is Getting Crushed Today NuVasive's stock is getting unfairly punished by this moody market. NuVasive, Inc. ( NASDAQ:NUVA ) , a minimally invasive spinal surgery company, is having another rough day today. Specifically, the company's shares are down by 22% as of 3:01 p.m. EDT Wednesday afternoon. NuVasive's shares are plunging in response to the rapid uptick in the number of COVID-19 cases in the United States. Making matters worse, the number of deaths worldwide also surged past the 8,700 mark in the past 24 hours, according to data from the World Health Organization. The spinal surgery giant's shares shot up by a healthy 56% in 2019. This year has been a different story altogether, however. Since the start of 2020, NuVasive's stock has shed a whopping 61% of its value. NuVasive's stock might be getting singled out for particularly harsh treatment because it was one of the most expensive equities -- from a forward-looking price-to-earnings ratio perspective
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