St Jude Medical Rises On Unusually High Volume (STJ)

NEW YORK ( TheStreet) -- St Jude Medical (NYSE: STJ) is trading at unusually high volume Wednesday with 4.3 million shares changing hands. It is currently at two times its average daily volume and trading up $3.29 (+6.8%) at $51.75 as of 1:10 p.m. ET.

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St Jude Medical has a market cap of $13.85 billion and is part of the health care sector and health services industry. Shares are up 34.1% year to date as of the close of trading on Tuesday.

St. Jude Medical, Inc. develops, manufactures, and distributes cardiovascular and implantable neurostimulation medical devices worldwide. It operates in two divisions, Cardiovascular and Ablation Technologies, and Implantable Electronic Systems.

TheStreet Ratings rates St Jude Medical as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, increase in net income, notable return on equity, growth in earnings per share and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full St Jude Medical Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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