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Tenon Medical's rut continues with stock down 15% premarket

May 13, 2022 9:17 AM ETTenon Medical, Inc. (TNON) StockBy: Jonathan Block, SA News Editor

Stressed businessman feeling desperate on crisis stock market, investment concept.

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  • After closing down 75% on Thursday, Tenon Medical (NASDAQ:TNON) has lost another 15% in premarket trading.
  • The recently IPOd medical device maker's recent plunge began on May 10. Since market close on May 9 through market close on May 12, shares have declined ~82%.
  • The company has developed a surgical implant system for lower back pain known as The Catamaran.

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