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ZYXI - Zynex Breaks Out With The Flywheel Effect Yet To Come
Zynex Inc.
We bought the medical device company Zynex (ZYXI) for the SHU portfolio twice (in June, at $10.36 and $8.75) and we had great expectations for the stock that didn't pan out, at least not immediately:
As you can see, at the end of June the stock sort of crashed, not because of any bad quarterly results, but because of a shelf registration from the CEO Thomas Sandgaard which suggested that he was might be selling all his shares.
That this scared investors is understandable, CEO holds just above 50% of the company,