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Medtronic plc (MDT) is a global healthcare technology company possessing a market cap of $104.52 billion. Headquartered in Dublin, Ireland, Medtronic is committed to improving lives by developing and producing innovative medical devices and therapies. With a diverse portfolio spanning cardiovascular, diabetes, and neurological solutions, Medtronic operates in various countries, which is crucial in advancing healthcare worldwide.
Medtronic has significantly underperformed the broader market over the last year. The stock has declined 4.4% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 15.8%. In 2024 alone, the stock has lost 2.5%, compared to SPX's 8.7% gains on a YTD basis.
