Braidwell LP Purchases Shares of 247,200 Globus Medical, Inc. $GMED
Braidwell LP acquired 247,200 shares of Globus Medical, valued at $14.59 million, during Q2. Other hedge funds also adjusted their positions. Insiders sold shares worth $8 million. Analysts have mixed ratings, with a consensus of 'Moderate Buy' and an average target price of $93. Globus Medical's stock opened at $86.77, with a market cap of $11.61 billion. The company reported strong quarterly earnings, beating estimates with $1.18 EPS and $769.05 million revenue, up 22.9% YoY.