Israeli stock alert
CLOSING UPDATE: Mazor Robotics increases further 0.6% on high volume 20 September 2018 20:47 IDT
NEWS BITES - MIDDLE EAST & NORTH AFRICA
This is an end of day Alert, produced after today's Israel market close. It concludes the BSS News Bites intra-day Alert series (summaries below).
Mazor Robotics, Israel's largest biomedical company by market capitalisation, traded on heavy volume of 2.0 times average today while the price jumped NIS6.64 (or 7.6%) to trade at NIS93.77. Compared with the TA-25 Index which rose 12.9 points (or 0.8%) in the day, this represented a relative price increase of 6.8%.
Technical indicators complementing today's significant uptrend:
+ The price lifted 3.7% in the last week and soared 15.5% in the last month.
Mazor Robotics today is at a discount of 28.7% to the 12-month high of NIS131.50 on 13 Mar, 2018. It is at a premium of 20.2% to the 12-month low of NIS78.01 on 16 Aug, 2018.
The negative 1.0 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.
The stock has underperformed 87% of the Israel market over the past 6 months.
Afternoon Alert: Mazor Robotics jumps 6.9% on extraordinary volume
20 September 2018 14:11 IDT
Mazor Robotics Ltd. (TASE:MZOR) traded on heavy volume of 4.4 times average so far today while the price jumped NIS6.05 (or 6.9%) to trade at NIS93.18.
Afternoon Alert: Mazor Robotics climbs 4.3%, leads Biomedical sector higher
20 September 2018 12:10 IDT
Mazor Robotics Ltd. (TASE:MZOR) has climbed 4.3% to trade at NIS90.89 vs. the Biomedical sector which strengthened 8.9 points (or 1.7%) to 545.6. Representing a weighting of about 31.9% of the sector, the stock accounted for 83.0% of today's gain. Trading volume was 2.1 times average so far today.
Mazor Robotics Ltd. (TV:MZOR; TLV:MZOR; TA:MZOR; TA:MZOR; IT:MZOR)