Richard Brown Vice President Chief Accounting Officer, Corporate Controller
Covidien Diversification Suggestion
Use Covidien to protect against small markets fluctuations. The stock experiences moderate downward daily trend and can be a good diversifier. Check odds of Covidien to be traded at $64.39 in 30 days
Covidien Price and Market Media
The median price of Covidien for the period between Wed, Nov 13, 2013 and Fri, Dec 13, 2013 is 67.05 with a coefficient of variation of 1.39. The daily time series for the period is distributed with a sample standard deviation of 0.93, arithmetic mean of 67.0, and mean deviation of 0.75. The Stock received substential amount of media coverage during this period.
Covidien plc [COV] is traded on New York Stock Exchange in USA. It is located in Dublin, and employs 38,000 people. The company currently falls under 'Large-Cap' category with total capitalization of 30.78 B. Covidien plc runs under Healthcare sector within Medical Instruments and Supplies industry. This company has 460 M outstanding shares of which 4.53 M shares are currently shorted by investors with about 2.5 days to cover shorted positions.
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