InvestorsHub Logo
icon url

UFO

05/30/19 11:36 AM

#7015 RE: penn33c #7014

Yeah penn, digging it! Here's what I think is going on. A year ago ZYNEX had like 1 small institutional investor, according to pay Bloomberg. I remember thinking at the time that we probably wouldn't pick-up any institutional coverage until we got listed on a major exchange. We make it to the NASDAQ and now Bloomberg is showing "19" institutionals. Granted, they're not huge players yet. Collectively they own just over 300k shares. BUT, they obviously like what they see with this stock's price movement and they're adding every time there's a pullback. What this does is provide very strong support for the stock and I think we're seeing that currently. That sub-$7.00 (or lower) trade just isn't happening as long as those "19" bigger guys have buy orders in.

UFO