Corindus Vascular Robotics Inc. (DE) (CVRS) Moves Higher on Volume Spike

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Corindus Vascular Robotics Inc. (DE) (CVRS) traded on unusually high volume on Jun. 21, as the stock gained 1.19% to close at $0.77. On the day, Corindus Vascular Robotics Inc. (DE) saw 2.03 million shares trade hands on 6,903 trades. Considering that the stock averages only a daily volume of 1.3 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.
Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.
Corindus Vascular Robotics Inc is engaged in the design, manufacture, and sale of precision vascular robotic-assisted systems for use in interventionalvascular procedures the CorPath System. Its product includes the CorPath 200 and CorPath GRX Systems.

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