Poor Reception For Nuvectra Spinoff- Stock Plunges With No News

We’re not sure we’ve ever seen a new spinoff drop so much, so fast. Earlier this week, Greatbatch(GB) completed the spinoff of Nuvectra(NVTR). Nuvectra has an approved product and $75 million in cash, but is still an early stage company.  After initially climbing above $11 on Monday morning, Nuvectra has gone straight down. Today alone, the stock is…