We recently published a list of 10 Firms Post Strong Gains Amid Wall Street Bloodbath. In this article, we are going to take a look at where Inari Medical, Inc. (NASDAQ:NARI) stands against other firms post strong gains amid Wall Street bloodbath.

Wall Street’s main indices closed sharply in the red on Tuesday, as investors shifted to other higher-yielding assets following better Treasury yields.

The Nasdaq Composite led the drop, losing 1.89 percent, followed by the S&P 500 declining 1.11 percent. Meanwhile, the Dow Jones dipped by 0.42 percent.

Meanwhile, let us look at the ten firms that bucked an overall broader market downturn and posted notable gains and explore why.

To come up with Tuesday’s top gainers, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.

A close-up view of a technician wearing protective gloves while installing a mechanical thrombectomy system.

Inari Medical, Inc. (NASDAQ:NARI)

Shares of Inari Medical, Inc. (NASDAQ:NARI) 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 (NASDAQ:NARI) 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.

Overall, NARI ranks 2nd on our list of firms post strong gains amid Wall Street bloodbath. While we acknowledge the potential of NARI as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than NARI but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.