LP Madryn Asset Management Buys Shares of STIM $STIM
Key Points
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LP Madryn Asset Management, insider at Neuronetics, Inc. ($STIM), bought 42,500 shares at an average price of $0. The trade was disclosed in a Form 4 filing with the Securities and Exchange Commission.
Neuronetics, Inc. Stock Down 58.8%
Shares of Neuronetics, Inc. ($STIM) traded around $1.21 on Wednesday, down 58.8% for the day.
Neuronetics, Inc. Earnings
Analysts Set New Price Targets
About Neuronetics, Inc.
Neuronetics, Inc. engages in providing in office treatments for patients with neurohealth disorders in the United States and internationally. The company provides NeuroStar Advanced Therapy System, a non-invasive and non-systemic office-based treatment to treat adult patients with major depressive disorder. Its NeuroStar Advanced Therapy System uses transcranial magnetic stimulation to create a pulsed, MRI-strength magnetic field that induces electrical currents designed to stimulate specific areas of the brain associated with mood. The company sells its products through its sales and customer support team to psychiatrists. Neuronetics, Inc. has a strategic collaboration with ANT Neuro to expand the capabilities of the NeuroStar advanced therapy system with advanced image-guided navigation technology. The company was incorporated in 2001 and is headquartered in Malvern, Pennsylvania.
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