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Dynatronics Stock Surges After Distribution Agreement Extension

Sam Boughedda trader
Updated 25 Feb 2021

Practice Stock Trading
Dynatronics (NASDAQ: DYNT)

Shares of medical and rehabilitation equipment manufacturer, Dynatronics (NASDAQ: DYNT) are surging premarket after the company yesterday announced that its wholly-owned subsidiary, Bird & Cronin, renewed its purchasing agreement with Intalere.

Bird & Cronin has been an Intalere preferred provider for over twenty years.

As part of the deal, Intalere members will receive negotiated pricing on Bird & Cronin’s full line of orthopaedic bracing solutions for spine, upper and lower extremities. These include products such as the Sprint air walker boot and U2TMwrist brace.

Intalere has more than 100,000 members from healthcare organisations across the United States, with members making nearly $9 billion in purchases annually.

“The twenty-plus year relationship with Intalere has allowed Bird & Cronin to provide healthcare providers with Bird & Cronin's high-quality products at the right cost,” said John Krier, CEO of Dynatronics.

Dynatronic’s shares are trading 142% higher premarket, at $3.10, following Wednesday’s 5% increase to $1.28 per share.

Sam is a trader and lead stock market writer at AskTraders. After starting his career in the forex market, Sam now focuses on stocks, specifically consumer staples.