Diamonds and Dogs
7/9/13Intuitive Surgical Inc. (ISRG)
Intuitive Surgical is cutting through its share price today, down 16.15% at $419.30. The robotic surgery company saw its shares crash after releasing its second quarter forecast. Intuitive Surgical said it believes its quarterly revenue will grow 6%t to $575 million. That's about $50 million less than analysts were projecting. The company said its revenue has been hurt by the weak economy, reduced hospital admissions, and by conservative management choices on the part of health insurers. Intuitive Surgical shares dropped to a new 52-week low of $406.70, intraday.
Organovo Holdings Inc. (ONVO)
Organovo Holdings is trading in the green today, up 26.15% $4.92. The 3D bio-printing company saw its shares jump after news that the New York Stock Exchange has approved Organovo to trade on its exchange. The NYSE stated that the company will be begin trading on its exchange on July 11th. Investors seem to feel that moving from the OTC (over the counter) market to the NYSE will benefit the company and help shares climb higher. Shares of Organovo climbed up over $5.00 today on the news; getting closer to their 52-week high of $6.35.