RELATIVE CO-MOVEMENT
SPY-adjustedHow the members are behaving together
Group median +0.29Strongest path BDXWeakest path SOLV
Observed member paths adjusted against SPY. The median is emphasized; shading marks the latest observation window.
MARKET-DISCOVERED GROUP
Medical Devices & Supplies
9 of 14 members show broad activity, but direction is mixed. Treat this as shared attention—not yet a clean group trade.
Participation9 of 1464% active now
DirectionMixed32% agreement—not a clean directional move
Outside confirmation0 of 8filing-linked outsiders moving with the group
Observed history3 episodes11 active sessions
01 · WHAT IS HAPPENING
The move and its drivers
02 · WHY IT MATTERS
The business context around the move
WHY THIS GROUP EXISTS
13/14 members coveredShared filing context
Moderate filing support: the strongest shared 10-Q/K outlook is operating setup (near-term outlook) across BDX, GEHC, GMED, LH, MDT, MMSI, RMD, SOLV, STE, SYK, ZBH.
credit / rates affecting interest expense
“Interest expense, net decreased for both the three and six months ended June 30, 2026 as compared to the same period last year due to lower interest expense as a result of lower debt outstanding.”
SOLV 10-Q · 2026-08-05
product pipeline / R&D affecting expense
“Related Party Transactions The Company had the following transactions with 3M and its affiliates, primarily in connection with the transition and master supply agreements, reported in the Company’s consolidated financial statements: Year ended December 31, (Millions) 2025 2024 2023 Net sales of product $ 78 $ 50 $ — Cost of product 616 357 — Selling, general and administrative expenses 249 202 — Research and development expenses 11 8 — Current amounts due from and due to 3M under various agreements described above are recognized within the due from related parties and due to related parties, as applicable, in the consolidated financial statements.”
SOLV 10-K · 2026-02-27
tariffs / trade costs affecting expense
“The decrease was primarily driven by IEEPA tariff refunds and the benefit from programmatic savings programs, partially offset by inflation and tariff costs, which had minor impacts in both the second quarter and first six months of 2025.”
SOLV 10-Q · 2026-08-05
WHERE IT COULD SPREAD
0 confirming nowFiling-linked outsiders
Companies outside the group that have disclosed links to its members. Their current state is a confirmation check, not a forecast.
EWNot confirming
BDX · customer
Filing receipt
“We sold (i) our Critical Care product group (“Critical Care”) to Becton, Dickinson and Company (“BD”) in September 2024 and (ii) a business that was not focused on impla…”
TMONot confirming
SOLV · supplier
Filing receipt
“On September 1, 2025, the company acquired, within the Life Sciences Solutions segment, our filtration and separation business, a leading provider of purification and fi…”
BSXNot confirming
GEHC · supplier
Filing receipt
“He has over 25 years of global experience in medtech, medical device, imaging and pharmaceutical companies, both public and private, including Baxter, Boston Scientific,…”
03 · WHO IS IN IT
Member participation
SOLVMDTMMSISTEZBHGMEDSYKBDXABTRMDGEHCLHSNNCOO
9/14 active7 rising · 7 falling
MemberUnusual activityToday's moveRead now
SOLVSolventum Corporation
Most unusual
-5.0%
Most unusualActive; direction differs
MDTMedtronic plc.
Elevated
-0.1%
ElevatedActive; direction differs
MMSIMerit Medical Systems, Inc.
Elevated
+0.5%
ElevatedActive; direction differs
STESTERIS plc (Ireland)
Elevated
-0.5%
ElevatedActive; direction differs
ZBHZimmer Biomet Holdings, Inc.
Elevated
-0.9%
ElevatedActive; direction differs
GMEDGlobus Medical, Inc.
Elevated
+0.7%
ElevatedActive; direction differs
SYKStryker Corporation
Elevated
+0.1%
ElevatedActive; direction differs
BDXBecton, Dickinson and Company
Elevated
+3.8%
ElevatedActive; direction differs
ABTAbbott Laboratories
Elevated
+2.2%
ElevatedActive; direction differs
RMDResMed Inc.
Quiet
-0.3%
QuietBreadth test
GEHCGE HealthCare Technologies Inc.
Quiet
+0.1%
QuietBreadth test
LHLabcorp Holdings Inc.
Quiet
+0.9%
QuietBreadth test
SNNSmith & Nephew SNATS, Inc.
Quiet
-1.4%
QuietBreadth test
COOThe Cooper Companies, Inc.
Quiet
-2.1%
QuietBreadth test
View exact member values
| TICKER | Company | Role now | Today | Trader interpretation |
|---|---|---|---|---|
| SOLV | Solventum Corporation | Most unusual | -5.0% | Most unusual activity in this snapshot; performance direction may differ. |
| MDT | Medtronic plc. | Participating | -0.1% | Active, but the group has not aligned on direction. |
| MMSI | Merit Medical Systems, Inc. | Participating | +0.5% | Active, but the group has not aligned on direction. |
| STE | STERIS plc (Ireland) | Participating | -0.5% | Active, but the group has not aligned on direction. |
| ZBH | Zimmer Biomet Holdings, Inc. | Participating | -0.9% | Active, but the group has not aligned on direction. |
| GMED | Globus Medical, Inc. | Participating | +0.7% | Active, but the group has not aligned on direction. |
| SYK | Stryker Corporation | Participating | +0.1% | Active, but the group has not aligned on direction. |
| BDX | Becton, Dickinson and Company | Participating | +3.8% | Active, but the group has not aligned on direction. |
| ABT | Abbott Laboratories | Participating | +2.2% | Active, but the group has not aligned on direction. |
| RMD | ResMed Inc. | Quiet / lagging | -0.3% | Not participating yet; a breadth test or a genuine divergence. |
| GEHC | GE HealthCare Technologies Inc. | Quiet / lagging | +0.1% | Not participating yet; a breadth test or a genuine divergence. |
| LH | Labcorp Holdings Inc. | Quiet / lagging | +0.9% | Not participating yet; a breadth test or a genuine divergence. |
| SNN | Smith & Nephew SNATS, Inc. | Quiet / lagging | -1.4% | Not participating yet; a breadth test or a genuine divergence. |
| COO | The Cooper Companies, Inc. | Quiet / lagging | -2.1% | Not participating yet; a breadth test or a genuine divergence. |
04 · HAS THIS HAPPENED BEFORE