Transenterix's Stock Gained 30% On Wednesday: This Might Explain Why

Shares of Transenterix Inc TRXC, a medical device company focused on the development and commercialization of a robotic assisted surgical system, were trading higher by more than 30 percent on Wednesday on no confirmed news. Investors and traders may have been speculating that Transenterix is a potential acquisition target. Fierce Medical Devices reported on Tuesday that Johnson & Johnson JNJ has an "appetite for more major, innovative device deals." Transenterix wasn't specifically mentioned in the report but investors and traders were still buying on the rumor.