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How Has Varian Medical Systems Stock Been Performing Recently?

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Stock performance

On December 22, 2017, Varian Medical Systems (VAR) closed the trading day at a price of $110.9. The stock closed 0.18% higher on the day compared to the previous day’s close. However, it was trading higher than its 50-day moving average of $109.80 and its 200-day moving average of $104.65.

On December 22, 2017, Varian stock was trading ~45.4% above its 52-week low of $76.29 (as of January 27, 2017) and ~2.8% below its 52-week high of $114.09 (as of December 13, 2017).

While the company’s stock price weakened earlier this year, its stock has been trending up lately. Year-to-date, Varian stock has risen ~23.5%. The stock witnessed a bull run recently and reported a 52-week high on December 13, 2017. However, the stock saw weakness triggered by weak investor sentiments following Varian’s 3Q17 earnings release on July 26, 2017. Varian failed to meet Wall Street’s revenue estimates in the quarter and reduced its 2017 sales guidance. To read more about Varian’s 3Q17 earnings release highlights, head over to Key Highlights from Varian Medical Systems’ 3Q17 Earnings.

Industry comparison

In the past 12 months, Varian stock has returned ~22%. The S&P 500 has returned ~18.6% in last year. Thus, in comparison to the S&P 500, which represents the market, Varian stock has outperformed. VAR’s performance can also be compared to the performance of the iShares US Medical Devices ETF (IHI), which represents the performance of the medical device industry in the United States. IHI has registered a return of ~30.4% in the past year.

As of December 22, 2017, Boston Scientific (BSX), Accuray (ARAY), and Becton, Dickinson and Company (BDX) had registered returns of ~15.1%, -7.6%, and 30.5%, respectively, over the past year.

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