Why TransEnterix, W.W. Grainger, and Overstock.com Jumped Today
Tuesday was another solid day on Wall Street, although major benchmarks finished on a mixed note. The Dow Jones Industrials pushed above the 23,000 mark for the first time, ultimately finishing a few points lower, but most indexes with a broader scope were closer to the unchanged level. Despite signs of strength from the healthcare sector in the form of good earnings, some market participants continue to worry about whether the White House can work with Congress on various domestic policy priorities. A few stocks overcame the general malaise to post outsize gains, and TransEnterix (NYSEMKT: TRXC), W.W. Grainger (NYSE: GWW), and Overstock.com (NASDAQ: OSTK) were among the best performers on the day. Below, we'll look more closely at these stocks to tell you why they did so well.
Shares of TransEnterix jumped by nearly half after the robotic surgical specialist got approval from the U.S. Food and Drug Administration for its Senhance robotic system. Many believe that TransEnterix could have a leg up on existing players in the robotic surgery field because of Senhance's unique technological advances, including a feature that gives surgeons a better sense of touch that mimics what they would feel if they were doing the surgery directly. With reusable instruments, Senhance also helps its users save money. Although it faces steep competition, TransEnterix has its shareholders feeling good about the future.
Image source: TransEnterix.
Source: Fool.com
