India, June 3 -- MiniMed Group, Inc. (MMED) shares jumped 14.88 percent, gaining $1.83 to $14.13 on Wednesday, over the company's revenue growth and fiscal 2027 outlook despite a wider fourth-quarter loss.
The stock is currently trading at $14.13, compared with its previous close of $12.30 on the Nasdaq. During the session, it opened at $12.72 and traded between $12.61 and $14.70. Trading volume reached 1.43 million shares, above its average volume of 998,173 shares.
The medical technology company reported a net loss attributable to the company of $183 million, compared with a loss of $172 million in the prior-year quarter. Loss per share remained unchanged at $0.68. However, quarterly revenue increased to $837 million from $724 million a...