Tag Archives: Nuvectra

Zedge Drops Late On First Day Of Trading After Spinoff Completion Creating Attractive Opportunity

Yesterday, Zedge(ZDGE) completed its spinoff from IDT(IDT). The press release is short on details, focusing on the usual boundless optimism associated with a new spinoff. Tom Arnoy, co-founder and CEO of Zedge, said, “Since our inception, we have been focused on developing an exceptional service that enables Zedgers to express their identity, feelings, tastes and interests on their… Read More »

Nuvectra Jumps 18% As Company Releases Investor Presentation

As we’ve discussed previously, Nuvectra(NVTR) has jumped around quite a lot since its March 14 spinoff from Greatbatch(GB). Yesterday was big up day for Nuvectra which close up 18.12%, to $5.41.  This coincided with the company releasing an investor presentation, the first communication it has had with shareholders since it gained its independence. The presentation addresses the size… Read More »

Nuvectra Rebounds 30% After Awful First Week

Nuvectra(NVTR) had an awful first week following its spinoff from Greatbatch(GB), as we pointed out last Friday.  At Friday’s close, it was trading well below its cash position, and it carries no debt.  Investors who sought to exploit this spread have been rewarded today with a steadily rising stock that has risen over 30%. The stock trades below… Read More »

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… Read More »

New Day- Greatbatch Completes Spinoff Of Nuvectra, Stock Trades Under NVTR Ticker

Yesterday, Greatbatch(GB) completed its previously announced spinoff of Nuvectra(NVTR), as expected. “Today’s successful spin-off of Nuvectra marks another point in our strategy to design, develop and manufacture discrete technologies and complete active implantable medical device systems in partnership with customers,” said Greatbatch President and CEO, Thomas J. Hook. “Nuvectra is a valuable partner and customer utilizing an extensive… Read More »

Greatbatch Will Spin Off QiG As Nuvectra To Shareholders On March 14

Greatbatch(GB) shareholders should be prepared for their portfolios to look a bit different this year. Later this year, the medical device manufacturer will be changing its name to Integer Holdings Corporation. First, the company will spin off QiG Group, which will be renamed Nuvectra. On March 14, shareholders as of March 7 will receive one Nuvectra share for… Read More »