What Caused The Opening Gap In TransEnterix?

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TransEnterix Inc TRXC today had a large opening gap of -40.24%.

Photo taken from the Opening Gap Signals tool inside Benzinga Pro.

Why Is TRXC Moving?

TransEnterix shares are trading lower after the company reported worse-than-expected Q2 EPS and sales results. RBC Capital downgraded the stock from Outperform to Sector Perform and lowered its price target from $3 to $1 per share.

Photo taken from the ‘Why Is It Moving?’ Details tool inside Benzinga Pro.

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