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What Caused The Opening Gap In TransEnterix?

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TransEnterix Inc (NASDAQ: 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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Latest Ratings for TRXC

DateFirmActionFromTo
Aug 2019DowngradesOutperformSector Perform
May 2019Initiates Coverage OnNeutral
May 2019UpgradesNeutralBuy

View More Analyst Ratings for TRXC
View the Latest Analyst Ratings

Posted-In: Earnings News Downgrades Intraday Update Analyst Ratings

 

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