Streetbeat News

TNON

Tenon Medical, Inc.

https://www.tenonmed.com

Industry

Medical - Devices

Tenon Medical, Inc., a medical device company, develops surgical implant systems to optimize sacroiliac joint fixation/fusion surgery and corresponding outcomes. It sells The CATAMARAN SIJ Fusion System that includes instruments and implants designed to prepare and fixate the SI-Joint for fusion in the United States and Puerto Rico. The company was founded in 2012 and is based in Los Gatos, California.

Open

2.69

Mkt cap

8.5M

Volume

145K

High

2.77

P/E Ratio

-0.10

52-wk high

20.00

Low

2.61

Div yield

N/A

52-wk low

2.61

Several stocks are experiencing significant pre-market movements. Senti Biosciences, Tharimmune, TransMedics Group, GSE Systems, Unisys Corporation, Alteryx, Augmedix, Color Star Technology, CF Acquisition Corp. IV, and Tripadvisor reported gains due to various reasons such as strategic collaborations, licensing agreements, better-than-expected Q3 results, and strong FY23 revenue guidance. On the other hand, Ventyx Biosciences, Alto Ingredients, MSP Recovery, Coherus BioSciences, Ameresco, Aura Biosciences, Clover Health Investments, Trevena, Tenon Medical, and NanoString Technologies reported losses due to reasons such as disappointing trial results, mixed Q3 results, and weak quarterly sales.

Portfolio Pulse from Lisa Levin

November 07, 2023 | 1:28 pm

The article lists the stocks that have gained and lost the most in Friday's mid-day session. Among the gainers, Benson Hill, Inc. (BHIL) shares jumped 48.1% to $0.3740, and Seres Therapeutics, Inc. (MCRB) climbed 45.9% to $1.20 after posting a narrower-than-expected quarterly loss. Among the losers, Inseego Corp (INSG) shares fell 35% to $0.3370 after reporting worse-than-expected Q3 results, and Fortinet Inc (FTNT) shares fell 16.8% to $47.92 after reporting mixed Q3 results and issuing FY23 revenue guidance below estimates.

Portfolio Pulse from Lisa Levin

November 03, 2023 | 5:26 pm

US stocks traded higher with the Dow Jones index gaining over 200 points. Real estate shares jumped by 3.1% while energy shares fell by 1%. Tenon Medical, Qurate Retail, and Cooper-Standard Holdings saw significant gains after positive news, while Fox Factory Holding, BILL Holdings, and Inseego Corp. saw significant drops after negative news. The ISM services PMI declined to 51.8 in October, from 53.6 in September.

Portfolio Pulse from Lisa Levin

November 03, 2023 | 4:12 pm

Shares of Tenon Medical Inc (NASDAQ:TNON) surged by 49% after the company announced it has successfully passed a recent FDA Quality System Inspection Technique (QSIT) Level 2 Inspection. The FDA found no violations or objectionable conditions during the inspection. The company's 52-week high is $31.10 and the 52-week low is $0.77.

Portfolio Pulse from Henry Khederian

November 03, 2023 | 2:04 pm

Tenon Medical has announced that it passed an FDA Level 2 Inspection, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 2:03 pm

US stocks traded higher following the release of the October jobs report. The NASDAQ rose 1%, the Dow traded up 0.50%, and the S&P 500 rose 0.85%. The US economy added 150,000 jobs in October, less than the market estimates of 180,000. Tenon Medical, Seres Therapeutics, and Cooper-Standard Holdings saw significant stock increases, while Fox Factory Holding, BILL Holdings, and Inseego Corp saw significant decreases.

Portfolio Pulse from Lisa Levin

November 03, 2023 | 2:02 pm

Block (SQ) shares are trading higher after reporting better-than-expected Q3 results and issuing Q4 guidance. Tenon Medical (TNON) passed a FDA Quality System Inspection Technique Level 2 Inspection. Werewolf Therapeutics (HOWL) presented preliminary data from a Phase 1/1b clinical trial at the Society for Immunotherapy of Cancer's annual meeting.

Portfolio Pulse from ryanfaloona@benzinga.com

November 03, 2023 | 12:54 pm

The FDA has completed a full Quality System Inspection Technique (QSIT) Level 2 inspection at Tenon Medical, a process used to assess a medical device manufacturer's compliance with quality system requirements and related regulations.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 12:42 pm

During Wednesday's intraday session, several healthcare stocks experienced significant movements. Gainers included Cellectis (CLLS), Aldeyra Therapeutics (ALDX), Monopar Therapeutics (MNPR), TG Therapeutics (TGTX), Silence Therapeutics (SLN), and Precision BioSciences (DTIL). Losers included CohBar (CWBR), Iridex (IRIX), Kintara Therapeutics (KTRA), Tenon Medical (TNON), G1 Therapeutics (GTHX), and Stevanato Gr (STVN).

Portfolio Pulse from Benzinga Insights

November 01, 2023 | 5:31 pm

Tenon Medical has announced a 1-for-10 reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 4:09 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.