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TransEnterix (TRXC) Soars: Stock Adds 12.7% in Session

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TransEnterix, Inc. was a big mover last session, as the company saw its shares nearly 13% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $1.26–$4.00 in the past one-month time frame, witnessed a sharp increase on Friday.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

TransEnterix currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

Investors interested in the Medical - Instruments industry may consider ConforMIS, Inc. , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is TRXC going up? Or down? Predict to see what others think:Up or Down

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