BrainsWay (BWAY)

[midastouch017]

Brainsway Ltd. Sponsored ADR (BWAY) Moves 10.6% Higher: Will This Strength Last?

Zacks Equity Research

https://finance.yahoo.com/news/brainsway-ltd-sponsored-adr-bway-072407920.html

Tue, May 25, 2021, 10:24 AM

Brainsway Ltd. Sponsored ADR (BWAY) shares ended the last trading session 10.6% higher at $10.69. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 16.8% gain over the past four weeks.

Brainsway Ltd. witnessed solid price appreciation driven by optimism stemming from its announcement of first of its kind positive coverage policy by Centene Corporation for the treatment of obsessive-compulsive disorder (OCD) utilizing Deep Transcranial Magnetic Stimulation (TMS). Market is also optimistic about the company’s recent decision to distribute its first 10 Deep TMS devices for smoking addiction to practices throughout the United States.