INMD - InMode Stock Actually Gained 59% in the Second Half of 2022. Is the Worst Over?
Shares of medical device company InMode (NASDAQ: INMD) gained 59% in the second half of 2022, according to data provided by S&P Global Market Intelligence . This market outperformance came after the stock dropped 70% in the first few months of the year, which is why investors want to know if the worst is now over.
I'd usually like to frame this by explaining why InMode stock crashed in the first place. However, the main character of that narrative remains a mystery to me, as I'll explain.
Typically, I can find a problem for a company or at least something the market is concerned about. Over extended periods of time, these concerns are usually manifested around earnings reports. However, as the chart shows, InMode stock did most of its falling on days when it didn't have financial news to report.
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InMode Stock Actually Gained 59% in the Second Half of 2022. Is the Worst Over?