St Jude Medical and Medtronic Surged the Most in SP500 on Boston Scientific Woes

Published on Monday, 15 March 2010 18:28 Written by Manuel Guerra

New York, March 15^th (TradersHuddle.com) – Shares of St Jude Medical (NYSE:STJ) jumped 8.2% to $40.56 and Medtronic (NYSE:MDT) climbed 4.3% to $45.81, posting the biggest and the third largest gain in the S&P 500 respectively.

St Jude and Medtronic benefited from Boston Scientific (NYSE:BSX) woes, as shares tumbled 13% to $6.80 for the biggest slide in the S&P 500 on reports that the company had suspended sales and implants of its line of implantable cardiac defibrillators because of a documentation error in its filings with the Food and Drug Administration.