Monogram Orthopedics stock falls after initial surge


After its initial spike on NASDAQ, Monogram Orthopedics' stock fell 36 percent, Market Watch reported May 22.

The devicemaker opened at $38 per share on May 19 and peaked at $48.99. Shares were initially offered on May 18 at $7.25 and ended at 62 percent above IPO price on day one. The company originally offered 2.4 million shares, raising around $17 million. 

However, share prices dipped to $8.61 by May 22, Market Watch reported.


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