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Why Merit Medical Systems Stock Is Falling Today

TheMotleyFool

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Why Merit Medical Systems Stock Is Falling TodayPhoto, wide shot, wide-angle lens, Biotech company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://img.theapi.app/temp/80e18bfd-1ff8-4487-af62-1cdb7de1ceb6.png

Shares of Merit Medical Systems (NASDAQ: MMSI), a manufacturer of disposable medical devices, fell as much as 17% in early morning trading on Tuesday. The stock was down about 9% as of 11:05 a.m. EDT.

Traders are knocking down the share price in reaction to two news items.

First, Jayson Bedford, an analyst at Raymond James, downgraded the stock from outperform to market perform.

Source Fool.com

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