(24/7 MARKET NEWS) – Ra Medical Systems, Inc. (NYSE American: RMED) is gaining on funding news, trading at $7.74, up $2.29 (+42.02%), on volume of over 1 million premarket shares traded.
This morning’s move adds to yesterday’s gains, when it closed at $5.45, 53 cents higher (+10.77%), on volume of 4,095,652 shares. It also follows yesterday’s aftermarket announcement that it completed an at-the-market facility, raising gross proceeds of $7.6 million, by selling 1,072,246 shares of common stock at a weighted average price of $7.09 per share.
It’s trading above its recent resistance and, if it can eclipse the $11 range it has a shot of filling in the July gap to the $16 range. Its 52-week range of $4.85 to $174.50.
24/7 MARKET NEWS, INC Disclaimer
24/7 MARKET NEWS (“24/7 MN”) is dedicated to covering various underreported segments of the stock markets. Our goal is to help you to better understand these markets, but 24/7 MN is neither an investment advisor nor a financial advisor, and no information provided here is to be interpreted as a suggestion to buy or sell stocks or other investment products. All opinions, news, research, analysis, prices or other information contained on 247marketnews.com, its press releases, or other services are provided for educational purposes only and do not constitute investment advice. You are solely responsible for the investment decisions you make.
Please go to www.247marketnews.com or https://www.247marketnews.com/terms-disclaimer/ for further information.
