ATEC Shares Popped: What You Need to Know (ATEC)

ATEC Shares Popped: What You Need to Know

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Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Alphatec Holdings (Nasdaq: ATEC ) shares popped 11% in intraday trading continuing its positive move since appointing a new CFO, vice president, and treasurer on Monday.

So what: Alphatec has had trouble integrating a recent acquisition of Scient'x, contributing to the company's 51% drop in August. Peter Wulff will transition to senior vice president of strategic initiatives and will oversee continued integration of Scient'x.

Now what: Alphatec shares were rocked in August as the market for back surgery devices slowed. The company is hoping a renewed focus on strategic initiatives can get the company back on track. There was no fundamental news driving today's move, but this is a continuation of a gradual climb over the last month.

Interested in more info on Alphatec Holdings? Add it to your watchlist by clicking here.

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Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw. Try any of our Foolish newsletter services free for 30 days. True to its name, The Motley Fool is made up of a motley assortment of writers and analysts, each with a unique perspective; sometimes we agree, sometimes we disagree, but we all believe in the power of learning from each other through our Foolish community. The Motley Fool has a disclosure policy.

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