Why TransEnterix Stock Is Soaring Today
Shares of the robotic-surgery company TransEnterix (NYSEMKT: TRXC) rose by as much as 69% today in early morning trading. This small-cap healthcare stock has now appreciated by over 200% since the U.S. Food and Drug Administration, or FDA, approved its Senhance Surgical Robotic System just last Friday.
Image source: Getty Images.
TransEnterix's Senhance Surgical Robotic System is designed to compete directly with Intuitive Surgical's (NASDAQ: ISRG) market-leading da Vinci system. Although there's no guarantee of success, the commercial opportunity presented by the rapidly growing robotic surgery market is absolutely immense, to put it mildly.
Source: Fool.com
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