Surmodics (SRDX) Soars 4.62% on Russell 2000 Removal

Surmodics, Inc. (SRDX) shares rose to their highest level since April 2025 today, with an intraday gain of 2.63%.

The strategy of buying SRDX shares after they reached a recent high and holding for 1 week underperformed the market. The stock's performance was volatile, with a maximum drawdown of -34.2% during the backtested period. While the strategy had a positive return of 12.4%, it was significantly lower than the S&P 500's return of 53.6%. This suggests that waiting for recent highs to enter a position often leads to missed opportunities, as evidenced by the S&P 500's superior performance.

Surmodics, Inc. (SRDX) was removed from the Russell 2000 Defensive Index as of June 30, 2025. This change could potentially impact the company's stock price, as it may affect investor sentiment and trading volume. The removal from the index suggests that Surmodics may no longer meet the criteria for inclusion, which could be due to changes in the company's financial performance or market capitalization. Investors should closely monitor any further developments related to this index change and its potential impact on Surmodics' stock price.

Surmodics Inc experienced a 4.62% increase in mid-day trading on the same date, reaching an intraday high of $30.14. This significant price movement indicates strong investor interest and confidence in the company's prospects. The surge in stock price could be attributed to various factors, including positive news, earnings reports, or strategic initiatives. Investors should stay informed about any upcoming announcements or developments that could further influence the stock's performance.