Simon Property Group Inc. Stock Falls Monday, Underperforms Market

Silk Road Medical Inc

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Health Care : Health Care Equipment & Supplies | Small Cap Blend

Company profile

Silk Road Medical, Inc. is a medical device company, which is focused on reducing the risk of stroke and its devastating impact. The Company has discovered an approach for the treatment of carotid artery disease called TransCarotid Artery Revascularization (TCAR), which relies on two concepts: minimally invasive direct carotid access in the neck and high-rate blood flow reversal during the procedure to protect the brain and combines the benefits of innovative endovascular techniques with fundamental surgical principles. The Company's ENROUTE Transcarotid Neuroprotection System (NPS) and ENROUTE Transcarotid Stent System are the products for use in TCAR. Its ENROUTE Transcarotid Stent System is placed during a period of temporary high-rate blood flow reversal, which is enabled by its ENROUTE Transcarotid NPS. It markets and sells its products in the United States through a direct sales organization consisting of approximately 64 sales representatives and 62 clinical support specialists.

Simon Property Group Inc. Stock Falls Monday, Underperforms Market

5:23 pm ET November 21, 2022 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Simon Property Group Inc. (SPG) slumped 0.61% to $117.18 Monday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.39% to 3,949.94 and Dow Jones Industrial Average falling 0.13% to 33,700.28. The stock's fall snapped a two-day winning streak. Simon Property Group Inc. closed $53.53 below its 52-week high ($170.71), which the company achieved on November 23rd.

The stock underperformed when compared to some of its competitors Monday, as Alexandria Real Estate Equities Inc. (ARE) fell 0.24% to $149.81 and Vornado Realty Trust (VNO) rose 0.79% to $24.17. Trading volume (1.3 M) remained 804,935 below its 50-day average volume of 2.1 M.

Data source: Dow Jones Market Data, FactSet. Data compiled November 21, 2022.

(END) Dow Jones Newswires

November 21, 2022 17:23 ET (22:23 GMT)