Here's Why TransEnterix Inc. Stock Tanked 22% in December
Shares of TransEnterix Inc. (NYSEMKT: TRXC), a company marketing surgical robots that assist with minimally invasive procedures, fell 22% in November, according to data from S&P Global Market Intelligence. Clearance of the Senhance surgical system by the U.S. Food and Drug Administration sent this stock soaring in October, but investors fear it might be too little, too late for the struggling company.
Business as usual, or a lack thereof, was all it took to sour the investor sentiment that had surged in October. Although the company recently earned clearance to sell the Senhance system in the vital U.S. market, the European launch commenced a couple years ago with dismal results. The company sold one system in 2016, and just two in the first nine months of 2017.
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Source: Fool.com
