Avinger Stock Is Soaring Again: What's Going On?

Avinger Inc AVGR shares are trading higher Tuesday, adding to outsized gains from Monday. Here's a look at what's going on. 

What To Know: On Monday, Avinger shares soared 46.8% to $6.07 after the company announced the commercial launch of its Tigereye ST image-guided CTO crossing device.

The commercial-stage medical device company said it conducted a limited launch prior to commercialization that showed successful implementation of new design features, safety, efficacy and product reliability. 

"This device represents one of the most significant advancements in Avinger's image-guided technologies for the treatment of peripheral artery disease," said Jaafer Golzar, chief medical officer of Avinger.

After the close on Monday, a new regulatory filing showed that Avinger decided to increase the available amount for sale under its previously disclosed at the market offering up to an additional aggregate offering price of $2,133,181. 

Avinger shares are moving on very high volume. The stock has been trending across social platforms this week. It was among the top trending tickers on Stocktwits at last check.

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AVGR Price Action: Avinger shares were up 51.4% at $9.20 Tuesday morning after rallying more than 46% on Monday, per Benzinga Pro.

Photo: Lorenzo Cafaro from Pixabay.