Axogen Shares Dip Ahead of Holiday as Broader Market Holds Up
Axogen Inc. shares closed down nearly 1% at $40.90 on Friday. The peripheral-nerve repair company underperformed the broader U.S. market ahead of Memorial Day weekend. Axogen, listed on the Nasdaq, moved between $40.74 and $41.72 during the session and finished below its previous close of $41.31. AXGN traded more like a growth and reimbursement play than a sleepy medical-products stock. The investor-relations page showed nothing new this week—latest press was an April 30 conference notice and April 28 Q1 numbers.