Tenon Medical stock slides 16% after gaining 306% in wake of $16M IPO [Seeking Alpha]
Tenon Medical, Inc. (TNON)
Company Research
Source: Seeking Alpha
Tenon Medical stock slides 16% after gaining 306% in wake of $16M IPOApr. 29, 2022 1:52 PM ETTNONBy: Val KennedySA News EditorIvan Martynov/iStock via Getty ImagesTenon Medical (306% during the first two sessions following its downsized $16M initial public offering.Shares of TNON opened at $20.23, hitting a low of $16.31 in late morning before jumping to $22.80 in late morning. The stock recently changed hands at $20.31, down 16%, at approximately 1:30 p.m. ET, but still up 306% from its IPO price.TNON held its IPO on April 27,offering 3.2M shares for $5 per shareThe medical device company has developed a surgical implant system called The Catamaran for treatment of lower back pain associated with the sacroiliac joint. A full launch of the system, which has been approved by the US Food and Drug Administration, is slated for Q1 2022.TNON’s IPO had been downsized. As of last week, the company was seeking to raise $20M,according to a filing.
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TNON
News
- Tenon Medical, Inc. (NASDAQ: TNON) had its price target lowered by analysts at Benchmark Co. from $5.00 to $3.00. They now have a "speculative buy" rating on the stock.MarketBeat
- Tenon(R) Medical Appoints Kristine Jacques to its Board of Directors [Yahoo! Finance]Yahoo! Finance
- Tenon(R) Medical Appoints Kristine Jacques to its Board of DirectorsAccesswire
- Tenon(R) Medical Announces Positive Fusion Results in First Patients Reaching 12-Month Follow Up in an IRB Approved, Multi-Centered, Post-Market Study Utilizing the Catamaran(R) SI Joint Fusion System [Yahoo! Finance]Yahoo! Finance
- Tenon(R) Medical Announces Positive Fusion Results in First Patients Reaching 12-Month Follow Up in an IRB Approved, Multi-Centered, Post-Market Study Utilizing the Catamaran(R) SI Joint Fusion SystemAccesswire
TNON
Sec Filings
- 4/16/24 - Form SC
- 4/8/24 - Form SC
- 4/1/24 - Form 8-K
- TNON's page on the SEC website