Volume Spike Investor

Intuitive Surgical, Inc. (NASDAQ: ISRG) is seeing its shares get pounded this morning.  As of 9:19 AM EST we have seen over 225,000 shares trade hands.  What is interesting is that this stock only trades about 1.23 million shares per day and it generally takes a lot to move the stock this much.  Shares are down another 13% at $102.49.  The culprit for this morning’s monumental drop is analyst downgrade.  NEEDHAM Cut the rating down to HOLD from BUY.  This analyst call is VERY late to the party.

This will mark a new 52-week low as the prior 52-week range was $110.35 to $357.98.

Jon C. Ogg
January 8, 2009