10 Firms Post Strong Gains Amid Wall Street Bloodbath

2. Inari Medical Inc. (NASDAQ:NARI)

Shares of Inari Medical Inc. jumped by 22.23 percent or $14.45 to close at $79.45 apiece after medical device maker Stryker on Monday announced that it would acquire the company for $4.9 billion.

Under the terms of the deal, Stryker will pay $80 per share for Inari.

Inari had been working with advisers over the past few weeks to explore a sale earning acquisition interest from Stryker and other parties. The deal, which has been approved by the boards of both companies, is expected to be officially closed by the end of the first quarter of 2025.

The deal bolsters Stryker’s efforts to build out its offerings to treat a condition called venous thromboembolism, where a blood clot forms in a vein, and other vascular diseases.