SOFAMOR DANEK STOCK CLIMBS 49% TO 19-3/8 IN THIRD QUARTER
This article was originally published in The Gray Sheet
Executive Summary
SOFAMOR DANEK STOCK CLIMBS 49% TO 19-3/8 IN THIRD QUARTER, reversing in part a 1994 skid which had seen the issue lose nearly 70% of its market price since January, when the stock was trading in the 30s. The issue, which suffered first and second quarter drops of 34.2% and 40.5%, respectively, was the largest percentage gainer on "The Gray Sheet" M-D-D-I Index during the third quarter.
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