Courtesy of Benzinga.
Endologix, Inc. (NASDAQ: ELGX) shares are trading higher by 86 cents, or 16 percent, at $5.71 in Tuesday’s session. There is no specific news to account for the rally.
The stock is extending its three-day winning streak along with posting gains in six of its last seven session. The one outlier being unchanged on Sept. 28 and 29 at $4.46. Over this course of time, it has rallied from its Sept. 22 close to $5.76, which is the high for the session as of 2:28 p.m. EST.
The majority of the gains have taken place in today’s session. The stock is now trading in a low volume area up to $6.60 that was created when the stock swooned from $6.73 to $4.26 on May 18, following an update on its Nellix System US regulatory status.
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