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Stereotaxis Announces Changes to NASDAQ Market Listing (STXS)

6476561087_81b0b36059_zShares of Stereotaxis (NASDAQ: STXS) are up 2 percent in early trading Friday after the company announced that the NASDAQ Listing Qualifications Panel granted its transfer to the NASDAQ Capital Market from the NASDAQ Global Market. The NASDAQ Capital market exists for smaller, less capitalized companies.

The company disclosed on July 25 that it requested a transfer to the Capital Market and planned to present evidence of its qualifications for the change. Stereotaxis will begin trading on the Capital Market on August 19.

Read More: Stereotaxis’ 344 Percent Gain Last Week Likely Overdone (STXS)

Why did the company request the change? Weigh in and let us know.

[stock-tools exchange="NASDAQ" symbol="STXS" image_height="230" image_width="350"]

Disclosure: At the time of this writing, the author had no position in the company mentioned.

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