Apollo Endosurgery, Inc. (APEN) Moves 7% Higher: Will This Strength Last?

Apollo Endosurgery, Inc. (APEN) Moves 7% Higher: Will This Strength Last?
This story originally appeared on Zacks

Apollo Endosurgery, Inc. (APEN) shares ended the last trading session 7% higher at $8.43. 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 6.3% loss over the past four weeks.

Apollo Endosurgery, Inc. (APEN) Moves 7% Higher: Will This Strength Last? – Zacks

The stock scored a strong price increase for the third consecutive day driven by the optimism surrounding the company’s encouraging third-quarter 2021 results, with the reported net loss being 23.3% narrower than the Zacks Consensus Estimate. Revenues too surpassed the mark by 0.93%. The market is also upbeat about the recent closure of a follow-on equity offering that generated approximately $69.9 million net proceeds to support continued growth-related investments and expand the institutional shareholder base.

This company is expected to post quarterly loss of $0.20 per share in its…

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