Stereotaxis (OTCMKTS:STXS) Share Price Crosses Above 200-Day Moving Average of $3.49

Stereotaxis Inc (OTCMKTS:STXS)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.49 and traded as high as $5.27. Stereotaxis shares last traded at $5.15, with a volume of 298,313 shares changing hands.

The business has a 50 day simple moving average of $4.71 and a 200-day simple moving average of $3.51.

Large investors have recently bought and sold shares of the business. Everett Harris & Co. CA acquired a new position in Stereotaxis in the third quarter valued at about $42,000. Redmile Group LLC acquired a new position in Stereotaxis in the third quarter valued at about $11,530,000. Lagoda Investment Management L.P. acquired a new position in Stereotaxis in the third quarter valued at about $193,000. CWM LLC acquired a new position in Stereotaxis in the third quarter valued at about $264,000. Finally, Summit Asset Management LLC acquired a new position in Stereotaxis in the third quarter valued at about $40,000. 20.75% of the stock is owned by hedge funds and other institutional investors.

About Stereotaxis (OTCMKTS:STXS)

Stereotaxis, Inc designs, manufactures, and markets robotic systems and instruments for the treatment of abnormal heart rhythms in the United States and internationally. Its products include Niobe ES robotic system that enables physicians to complete interventional procedures by providing image guided delivery of catheters and guide wires through the blood vessels and chambers of the heart to treatment sites; and Vdrive system, which offers navigation and stability for the diagnostic and therapeutic devices designed to enhance interventional procedures.

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