Diamonds and Dogs
9/12/14Rewalk Robotics LTD. (RWLK)
Rewalk Robotics may be the Diamond of the week. Rewalk Robotics surged ahead today with an increase in their stock value by 113.33% from their previous close of 12 to 25.60. Rewalk is a bionic walking assistance system that allows paraplegics to stand up, walk, and climb stairs due to its power leg attachments. After Rewalk Robotics IPO suggested limited demand for shares, the company sold 3 million shares rather than 3.4 million spiking demand and the price of each share. Rewalk Robotics looks to be a good by as it is moving step by step in the right direction.
Petrobas continues to fall down 1.25 or 7.09% per share. The Brazilian based company who produces, refines and sells crude oil and other energy resources is on a downward slope. After allegations that the state owned company bribed government officials, the stock is in question. The future looks risky for Petrobas.