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After industry watchers at Wall Street research firms unveiled bullish ratings, shares of InMode (NASDAQ: INMD) jumped 12.9% on Wednesday.
The medical device company markets equipment to harness RF frequencies to perform medical aesthetic and women's health procedures, including body contouring. It has been on a tear since it reported strong top- and bottom-line second-quarter financials on Aug. 13, shortly after its initial public offering (IPO) on Aug. 8.