As of last trading day, Covidien stock price was 106.71. The total market value as denoted by 48.5B for Covidien, is the market value of the company's outstanding shares. A value investor must look at the fundamentals of a stock, and perform Covidien valuation, even though in the short-term sentiment and current breaking news might affect Covidien stock price.
The stock price movement of a company indicates what investors are willing to pay. For Ex: if investors feel that Covidien is worth a lot, it will most likely be reflected in an inflated Covidien stock quote, and vice versa. However, it must be noted that a company's value must not be equated to its share price. 24887138 COV shares were traded yesterday, and Covidien stock chart shows that the COV stock quote hit a day high of 108.16 and day low of 106.71. Covidien paid 1.44 stock dividends to its shareholders during last quarter. Covidien stock price history, gives the entire historical data for COV stock.