Tenon Medical (NASDAQ:TNON) Trading 7.9% Higher

Tenon Medical, Inc. (NASDAQ:TNONGet Rating)’s share price traded up 7.9% on Friday . The stock traded as high as $1.87 and last traded at $1.77. 31,044 shares traded hands during trading, an increase of 187% from the average session volume of 10,799 shares. The stock had previously closed at $1.64.

Tenon Medical Stock Performance

The company’s 50 day simple moving average is $1.87 and its two-hundred day simple moving average is $1.92.

Tenon Medical (NASDAQ:TNONGet Rating) last issued its quarterly earnings data on Thursday, November 10th. The company reported ($0.28) earnings per share for the quarter. The business had revenue of $0.21 million for the quarter.

Institutional Trading of Tenon Medical

Large investors have recently added to or reduced their stakes in the company. TMD Wealth Management LLC acquired a new position in shares of Tenon Medical during the second quarter worth approximately $1,164,000. BlackRock Inc. lifted its position in shares of Tenon Medical by 95.5% during the third quarter. BlackRock Inc. now owns 89,459 shares of the company’s stock worth $117,000 after purchasing an additional 43,706 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Tenon Medical by 225.1% during the third quarter. Vanguard Group Inc. now owns 73,145 shares of the company’s stock worth $96,000 after purchasing an additional 50,646 shares in the last quarter. Finally, State Street Corp acquired a new position in shares of Tenon Medical during the third quarter worth approximately $42,000. 7.60% of the stock is owned by institutional investors.

Tenon Medical Company Profile

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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.

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