{"id":1017,"date":"2012-07-11T21:25:56","date_gmt":"2012-07-12T01:25:56","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=1017"},"modified":"2012-07-11T23:00:31","modified_gmt":"2012-07-12T03:00:31","slug":"stereotaxis-rallies-after-announcing-1-for-10-reverse-stock-split-stxs","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/stereotaxis-rallies-after-announcing-1-for-10-reverse-stock-split-stxs-1017","title":{"rendered":"Stereotaxis Rallies After Announcing 1-for-10 Reverse Stock Split (STXS)"},"content":{"rendered":"<p>Stereotaxis (OTC: STXS) rallied a respectable 16.4% today, closing at a share price of $1.99, in response to the company\u2019s announcement that the stockholders of Stereotaxis had approved a 1-for-10 reverse stock split. Volume of Stereotaxis spiked along to a total of 396,533 shares, bypassing its average of 64,824 shares.<\/p>\n<p>Yesterday, July 10, 2012, Stereotaxis\u2019 stockholders approved an amendment to the company&#8217;s Certificate of Incorporation to activate a <a href=\"http:\/\/finance.yahoo.com\/news\/stereotaxis-announces-1-10-reverse-172200217.html\">reverse split<\/a> of the company&#8217;s common stock, and authorized the Board of Directors to determine the reverse split ratio within a range of 1-for-4 to 1-for-10, and the effective date of the reverse stock split.<\/p>\n<p>Several newsletters have promoted Stereotaxis. There are eight results found on stockpromoters.com regarding the promotion of Stereotaxis, while only Knobias was listed as being compensated at $1800 back in 2006. According to <a href=\"https:\/\/twitter.com\/pennystock24\/status\/223132582823460864\">@pennystock24<\/a> on Twitter, Penny Trader COM promoted Stereotaxis today.<\/p>\n<p>Stereotaxis\u2019 reverse stock split has to be linked to the stock\u2019s disheartening performance in the past 52 weeks. For 2012 alone, despite today\u2019s rally, Stereotaxis stock had been steadily declining, with a loss totaling 75.8%.<\/p>\n<p>Here are some other recent headlines found involving Stereotaxis that may further explain the stock\u2019s performance and reverse split:<\/p>\n<ul>\n<li>July 3, 2012: Fox Business featured Stereotaxis\u00a0as one of the stocks hitting <a href=\"http:\/\/www.foxbusiness.com\/markets\/2012\/07\/03\/proshares-trust-ultra-vix-short-term-futures-etf-ctc-media-among-stocks-hitting\/\">52-week lows<\/a> in the news article \u201cProShares Trust Ultra VIX Short Term Futures ETF, CTC Media Among Stocks hitting 52-Week Lows Tuesday\u201d.<\/li>\n<li>June 25, 2012: The Nasdaq Stock Market notified Stereotaxis that it was in danger <a href=\"http:\/\/www.bizjournals.com\/stlouis\/news\/2012\/06\/29\/nasdaq-sends-stereotaxis-delisting.html?ana=yfcpc\">of being delisted<\/a> because it did not maintain a market value of publicly held shares of $15 million for the 30 previous business days, according to a regulatory document filed Friday with the U.S. Securities and Exchange Commission.<\/li>\n<li>May 30, 2012: Stereotaxis announced that William C. Mills III had been appointed as <a href=\"http:\/\/finance.yahoo.com\/news\/stereotaxis-appoints-william-c-mills-200500800.html\">Chairman<\/a>\u00a0of\u00a0its Board of Directors, effective immediately.<\/li>\n<\/ul>\n<p><a href=\"http:\/\/www.reuters.com\/finance\/stocks\/companyProfile?rpc=66&amp;symbol=STXS.O\">Stereotaxis<\/a>\u00a0is\u00a0a company that designs, manufactures and markets an advanced cardiology instrument control system for the interventional treatment of arrhythmias and coronary artery disease. The company also markets and sells various disposable interventional devices, including catheters, guidewires and other delivery devices, for use in conjunction with its system.<\/p>\n<p>Its Niobe system allows physicians to navigate catheters, guidewires and other delivery devices through the blood vessels and chambers of the heart to treatment sites. It has also developed the Odyssey Enterprise Solution, which consolidates all lab information from multiple sources enabling doctors to focus on the patient for optimal procedure efficiency.<\/p>\n<p>Stereotaxis has alliances with Siemens AG Medical Solutions, Philips Medical Systems and Biosense Webster, a subsidiary of Johnson &amp; Johnson.<\/p>\n<p>Stereotaxis has regulatory clearance to market its Niobe Magnetic Navigation System, Navigant advanced user interface, Cardiodrive automated catheter advancement system, Odyssey Enterprise Solution and various disposable interventional devices in the United States, Canada, Europe, China and various other countries.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stereotaxis (OTC: STXS) rallied a respectable 16.4% today, closing at a share price of $1.99, in response to the company\u2019s announcement that the stockholders of [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":1040,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[3],"tags":[185],"stock_ticker":[],"class_list":["post-1017","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-small-cap-stock-news","tag-stxs","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Stereotaxis Rallies After Announcing 1-for-10 Reverse Stock Split (STXS) - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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