Intuitive Surgical (NASDAQ: ISRG) investors who weren't expecting it to perform a three-for-one stock split recently woke up to what looked like an overnight loss of more than 60%. Now that the dust has settled and the data reporting services are all caught up, the stock's split-adjusted price is still down by more than 7% from the all-time high water mark set in early September.
Intuitive Surgical's share price performance in recent weeks might be something most of its shareholders want to forget. Those who took advantage and bought the last time this stock dipped , though, aren't nearly as bothered. It's still up by 173% from its lowest point last March.
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Is Intuitive Surgical a Buy on the Dip?