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Why Intuitive Surgical Stock Slumped in January

Why Intuitive Surgical Stock Slumped in January

Shares of Intuitive Surgical (NASDAQ: ISRG) slumped 7.4% in January, according to data from S&P Global Market Intelligence. The robotic surgery provider posted weak fourth-quarter earnings on Jan. 24, leading investors to sell some shares. Worldwide procedures for Intuitive Surgical's Da Vinci surgery system were up 18% year over year in the period, leading to Q4 revenue growing 7% year over year to $1.66 billion.