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

On Tuesday, 132 companies hit new 52-week lows. Among them, Corning (NYSE:GLW) was the largest in terms of market cap, while Wheeler Real Estate IT (NASDAQ:WHLR) was the smallest. Fortress Biotech (NASDAQ:FBIO) saw the largest move with shares plummeting 1350.03%, while Insulet (NASDAQ:PODD) made the biggest bounce back, moving up 0.0% shortly after hitting a new 52-week low.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 5:09 pm

Several healthcare stocks experienced significant movement in Tuesday's after-market session. Notable gainers included Sonendo (SONX), PureTech Health (PRTC), Phio Pharma (PHIO), Histogen (HSTO), China Pharma Holding (CPHI), and Aditxt (ADTX). On the other hand, MSP Recovery (LIFW), Aclarion (ACON), Femasys (FEMY), Petros Pharma (PTPI), Novo Integrated Sciences (NVOS), and Tenon Medical (TNON) saw declines.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 9:31 pm

During Wednesday's pre-market session, several health care stocks experienced significant movement. Avalo Therapeutics, Rocket Pharmaceuticals, ZyVersa Therapeutics, Axcella Health, Hoth Therapeutics, and Tenon Medical saw their stocks rise, while Eiger BioPharmaceuticals, Infinity Pharmaceuticals, Sana Biotechnology, OKYO Pharma, Nuwellis, and Baudax Bio experienced a decrease in their stock prices.

Portfolio Pulse from Benzinga Insights

September 13, 2023 | 1:06 pm

Tenon Medical has announced expanded physician use of its new JIB Instrument Kit for the company's Catamaran SI Joint Fusion System. The JIB Kit is a next-generation instrument set used to implant the Catamaran Fixation Device during an SI Joint fusion procedure.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 12:16 pm

US stocks traded mostly lower with the Nasdaq Composite falling over 100 points. Energy shares jumped by 2.4%. Oracle Corporation's shares fell around 12% after releasing first-quarter results. Tenon Medical, Avalo Therapeutics, and Cognyte Software shares rose significantly. Acelyrin, Sight Sciences, and Datasea shares dropped significantly. Oil traded up 2% while gold traded down 0.6%.

Portfolio Pulse from Lisa Levin

September 12, 2023 | 6:44 pm

Several stocks experienced significant price movements in Tuesday's mid-day session. Tenon Medical withdrew its proposed public offering, causing its shares to climb 63.5%. Avalo Therapeutics agreed to divest AVTX-800 series, leading to a 52.6% gain. Cognyte Software reported better-than-expected Q2 results and issued FY24 guidance above estimates, resulting in a 24.8% gain. Xos was awarded a contract by the State of California, causing a 23% gain. The Beauty Health Company announced a business transformation program and a $100 million share repurchase, leading to a 16.6% jump. On the other hand, Acelyrin shares fell 60.8% after announcing disappointing trial results. CS Disco shares fell 22.1% after the company announced its CEO's departure.

Portfolio Pulse from Lisa Levin

September 12, 2023 | 5:44 pm

During Tuesday's intraday session, several healthcare stocks experienced significant movements. Gainers included Axcella Health (AXLA), Tenon Medical (TNON), Avalo Therapeutics (AVTX), Myomo (MYO), Cosmos Health (COSM), and Comera Life Sciences (CMRA). Losers included Sight Sciences (SGHT), Longeveron Inc. - Subscription Right (LGVNR), Orthofix Medical (OFIX), PAVmed (PAVM), NovaBay Pharmaceuticals (NBY), and Inspire Veterinary (IVP).

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 5:31 pm

US stocks traded mixed with the Dow Jones turning higher and NASDAQ falling. Oracle Corporation's shares fell around 12% after releasing Q1 results. Tenon Medical, Avalo Therapeutics, and Cognyte Software saw their shares rise after various announcements, while Acelyrin, Sight Sciences, and Datasea saw their shares drop. Oil traded up 1.8% while gold traded down 0.5%.

Portfolio Pulse from Lisa Levin

September 12, 2023 | 4:10 pm

Tenon Medical Inc (NASDAQ:TNON) has withdrawn its proposed public offering of common stock, leading to a 57% increase in its share price to $0.23. The decision was made to achieve the best value for stockholders, as the company believed the value of the company would not have been properly reflected in the proposed offering.

Portfolio Pulse from Henry Khederian

September 12, 2023 | 2:46 pm

US stocks traded lower with the Dow Jones falling around 75 points. The NFIB Small Business Optimism Index fell to 91.3 in August from 91.9 in the previous month. Tenon Medical, Avalo Therapeutics, and Aurora Cannabis saw their shares rise, while Acelyrin, Sight Sciences, and Spectral AI saw their shares drop. Oil traded up 1.3% while gold traded down 0.6%.

Portfolio Pulse from Lisa Levin

September 12, 2023 | 1:59 pm

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