InVivo Therapeutics did a 4 to 1 RS last spring to the Nasdaq Capital Market. 2 weeks ago they upgraded again to the Nasdaq Global Market. This is an example where a RS has worked... The stock took a hit during the market correction, but is up 11 percent today on the rebound. Also, they are being added to the Russell Indexes. See below...
InVivo Therapeutics Holdings Corp. (NVIV) today announced that the listing of the company’s common stock has been transferred to the Nasdaq Global Market. The company’s common stock previously traded on the Nasdaq Capital Market and will continue to trade under the same symbol NVIV. This follows the July 29th announcement by InVivo that the company has been added to the Russell Global, Russell 3000®, Russell 2000®, and Russell Microcap indexes.
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