Amedica (AMDA) Stock Price Down 10.5%

Amedica Co. (NASDAQ:AMDA) shares fell 10.5% on Tuesday . The company traded as low as $0.32 and last traded at $0.34. 2,880,059 shares changed hands during trading, an increase of 239% from the average session volume of 849,466 shares. The stock had previously closed at $0.38.

Separately, ValuEngine raised shares of Amedica from a “hold” rating to a “buy” rating in a research report on Wednesday, July 4th.

An institutional investor recently raised its position in Amedica stock. Renaissance Technologies LLC boosted its stake in Amedica Co. (NASDAQ:AMDA) by 152.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 302,996 shares of the medical equipment provider’s stock after acquiring an additional 182,900 shares during the period. Renaissance Technologies LLC owned 6.86% of Amedica worth $286,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 3.72% of the company’s stock.

Amedica Company Profile (NASDAQ:AMDA)

Amedica Corporation, a biomaterial company, develops, manufactures, and commercializes a range of medical devices based on its silicon nitride technology platform in the United States, Europe, and South America. The company offers silicon nitride implants to surgeons and hospitals for use in cervical and thoracolumbar spine surgery under the Valeo brand.

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