Microbot's stock rockets on heavy volume after collaboration pact with Stryker on robotic procedural kits

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Shares of Microbot Medical Inc. undefined rocketed 67.3% toward a nine-month high on heavy volume in premarket trading Monday, after the pre-clinical medical...

Shares of Microbot Medical Inc.

rocketed 67.3% toward a nine-month high on heavy volume in premarket trading Monday, after the pre-clinical medical device company announced an agreement with Stryker Corp. SYK, +1.59% to develop the first dedicated robotic procedural kits for use in certain neurovascular procedures. Trading volume ballooned to 9.6 million shares, compared with the full-day average of about 49,000 shares. The stock was the biggest gainer and most actively traded ahead of the open.

 

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