ICU Medical Shares Keep Climbing As BlackRock Ups Stake To More Than 10%

By Wallace WitkowskiMarketsMarketWatch Pulse

ICU Medical Inc. shares continued climbing in the extended session Monday after BlackRock Inc. disclosed earlier it had increased its stake in the medical device maker to more than 10%. ICU Medical shares surged 15% to $158.05 after hours, after closing up 4.3% in the regular session. Earlier Monday, BlackRock said it now held a stake of 10.1% in the company, according to a filing with the Securities and Exchange Commission. Even before the stake increase, BlackRock was ICU Medical's largest shareholder with 8.6% of the company's outstanding shares, according to FactSet data.

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