Here's Why Mazor Robotics Ltd. Gained 20% in July

Here's Why Mazor Robotics Ltd. Gained 20% in July

Shares of robot-assisted surgery start-up Mazor Robotics Ltd. (NASDAQ: MZOR) gained 20% in July, according to data from S&P Global Market Intelligence. The market boosted the stock in response to news that its most recent spinal surgery system continues to gain traction. 

The company began taking orders for its new Mazor X surgical system last October and ended 2016 with an 18-system backlog for the new product. News of just six Mazor X orders in the first quarter this year raised concern that interest in the new system had fizzled, plus a state agency investigation disclosed in June also hit the stock hard.

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Source: Fool.com