OSI spikes; GSA document references potentially new Rapiscan contract

OSI Systems (OSIS +1.6%) shares spike as high as 5.2% and pare gains after news breaks of a General Services Administration document dated Dec. 26 showing the company's Rapiscan subsidiary has potentially received new funding.

Investors may view the news as a sign for ease. Earlier this month, shares plunged 34% on news that Rapiscan could face potential debarment following a TSA contract fiasco (an event to which OSI is no stranger).

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs