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Why Did Shockwave Medical Stock Gain 18% in August?

·2 min read
Why Did Shockwave Medical Stock Gain 18% in August?
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Shockwave Medical (NASDAQ: SWAV) stock rose 17.7% in August, according to data provided by S&P Global Market Intelligence, after a great quarterly earnings report. Shockwave Medical makes innovative medical devices used in intravascular lithotripsy (IVL), which involves the use of sonic pressure waves to treat calcified cardiovascular disease. Shockwave's IVL solution has a large addressable market, but it's still currently working on gaining market acceptance and scaling the company.