Seeing that shares of this small cap closed at just $2.05 last week, it’s no wonder that traders were extremely bullish on Outset Medical Inc. (Nasdaq:OM) to start the week off as shares quickly climbed up to $2.6199/share (+27.80%) at the session high. This move could be an indication of things to come as this stock fights to end the continuing downtrend it has been stuck in!
Outset Medical Inc is a medical technology company. It has developed a machine, Tablo, which reduces the cost and complexity of dialysis. Tablo provides Renal Replacement Therapy in Hospitals, Chronic Care in Dialysis Clinics and Home Dialysis.
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