Monogram Technologies Inc. (MGRM) Shares Soar 78.42% on Acquisition News

Monogram Technologies Inc. (MGRM) shares surged 78.42% today, reaching their highest level since July 2023, with an intraday gain of 82.98%.

The strategy of buying MGRM shares after they reached a recent high and selling them one week later resulted in a significant loss. Over the past five years, the strategy had a return of -96.51%, underperforming the benchmark by 3.49%. The strategy's Sharpe ratio was -0.78, indicating substantial risk, while the maximum drawdown was 0%, suggesting that the strategy avoided further losses but still underperformed the market.

On July 14, 2025, Monogram Technologies Inc. announced a significant development that has driven its stock price. The company agreed to be acquired by Zimmer Biomet for an upfront payment of $4.04 per share in cash. This acquisition, valued at $177 million, is part of Zimmer Biomet's strategy to expand its robotic suite. The news of the acquisition led to a substantial increase in Monogram's stock price, reflecting investor optimism about the deal.

In addition to the acquisition news, various law firms, including Halper Sadeh LLC, are investigating the acquisition to ensure fair treatment of shareholders. This investigation is aimed at protecting the interests of Monogram's shareholders and ensuring that the acquisition process is transparent and equitable. The involvement of legal experts in this process adds another layer of scrutiny and validation to the deal, further influencing the stock price.