Tenon Medical stock drops 42% as volume surges, putting spotlight on Nasdaq compliance
Tenon Medical Inc. shares plunged 41.9% Thursday, ending the session at 35 cents and reaching a new 52-week low. Volume spiked well past usual levels as the small medical-device stock tumbled. Tenon is facing Nasdaq compliance issues now, so the timing matters. A stock price under $1 puts its listing at risk. With this big fall hitting right before a market holiday, investors get less time to respond before the market opens up again on Monday.