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INMD - Why InMode Stock Skyrocketed 65% in November
InMode Ltd.
InMode (NASDAQ: INMD) stock surged 64.7% last month, according to data from S&P Global Market Intelligence. For context, the S&P 500 returned 3.6% in November.
The Israel-based company makes devices that use radio frequency (RF) technology to perform a range of minimally invasive aesthetic procedures. Its stock has been on fire, increasing 250% from its early August initial public offering (IPO), which is sure to land it a spot on the year's best-performing healthcare stocks.