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Strength Seen in TransEnterix (TRXC): Stock Surges 11.2%


TransEnterix, Inc. TRXC was a big mover last session, as the company saw its shares surge over 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 49.3% in the past one-month time frame.

None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate, however, moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.

TransEnterix currently carries a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.



A better-ranked stock in the same industry is ABIOMED, Inc. ABMD, sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is TRXC going up? Or down? Predict to see what others think: Up or Down

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