Stock Alert: Zynex Slips 10%

(RTTNews) - Shares of medical technology company Zynex, Inc. (ZYXI) are falling more than 10% Wednesday morning at $23.13. It has traded in the range of $7.12- $29.73.

Tuesday, the company has priced its previously-announced 2.5 million stock offering at $22 per share for gross proceeds of about $27.5 million.

The company plans to use the net proceeds to expand its sales force and marketing activities, launching its blood volume monitor, and for other general purposes.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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