Transenterix Inc (TRXC) Shares Gap Up to $1.15
Transenterix Inc (NASDAQ:TRXC)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $1.10, but opened at $1.15. Transenterix shares last traded at $1.22, with a volume of 587,912 shares.
Separately, Zacks Investment Research raised Transenterix from a “hold” rating to a “buy” rating and set a $0.75 price target for the company in a research note on Thursday, July 13th.
The stock has a 50 day moving average of $0.80 and a 200 day moving average of $0.83. The stock’s market capitalization is $201.27 million.
A number of hedge funds have recently modified their holdings of the business. Royal Bank of Canada grew its position in shares of Transenterix by 17.1% during the second quarter. Royal Bank of Canada now owns 418,867 shares of the company’s stock valued at $298,000 after purchasing an additional 61,034 shares in the last quarter. Global X Management Co. LLC grew its position in shares of Transenterix by 238.3% during the second quarter. Global X Management Co. LLC now owns 331,075 shares of the company’s stock valued at $235,000 after purchasing an additional 233,213 shares in the last quarter. LMR Partners LLP purchased a new position in shares of Transenterix during the second quarter valued at about $189,000. UBS Oconnor LLC purchased a new position in shares of Transenterix during the second quarter valued at about $390,000. Finally, Goldman Sachs Group Inc. grew its position in shares of Transenterix by 7,137.7% during the second quarter. Goldman Sachs Group Inc. now owns 1,203,199 shares of the company’s stock valued at $854,000 after purchasing an additional 1,186,575 shares in the last quarter.
Transenterix Company Profile
TransEnterix, Inc is a medical device company. The Company is focused on the development and commercialization of ALF-X Surgical Robotic System (the ALF-X System), and SurgiBot System. The Company’s ALF-X System is a multi-port robotic surgery system, which allows multiple robotic arms to control instruments and a camera.
Receive News & Stock Ratings for Transenterix Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Transenterix Inc and related stocks with our FREE daily email newsletter.