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This News Caused TransEnterix's Stock to Spike

TheMotleyFool

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This News Caused TransEnterix's Stock to Spike

After announcing that it is selling its SurgiBot assets to a Chinese-based medical equipment provider, shares of TransEnterix (NYSEMKT: TRXC), a company focused on robotic surgery, rose as much as 12% in early morning trading on Monday. The rally has since cooled off but shares were still up about 5% as of 10:25 a.m. EST.

TransEnterix announced today that it is transferring ownership of the SurgiBot to Great Belief International Limited (GBIL).

Here are the key takeaways from the deal:

Source: Fool.com

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