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Masimo Corporation

Company NameMasimo Corporation
Stock SymbolMASI

On May 7, 2024, Masimo disclosed that it had received a subpoena from the Department of Justice (“DOJ”) in February “seeking documents and information related to the Company’s Rad-G and Rad-97 products, including information relating to complaints surrounding the products and the Company’s decision to recall select Rad-G products in 2024.”

On this news, Masimo’s stock price fell $15.98, or 11.8%, to close at $120.02 on May 8, 2024, thereby injuring investors.

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