SLNO down 8% intraday, and then up 7% after market on Friday

thecoder

thecoder

SLNO on Friday went down 8% intraday, and then up 7% after market. Isn't that mysterious or suspect?

It's a small biotech company with 17 full-time employees
("Soleno Therapeutics, Inc., a clinical-stage biopharmaceutical company, ...").

Can someone analyze what was going on with this stock on Friday, and how it possibly will do on Monday? Thx.

https://finance.yahoo.com/quote/SLNO
SLNO_on_2021-12-03-Fr_AH.png
 
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This is by definition not a penny stock, since it's an ordinary listed stock (and as such it's not a penny stock).

I've this stock longer on my watchlist, but such a price development with it like last Friday, as written, I hadn't observed yet.
 
@SunTrader, FYI: here's the official definition of "penny stock" in the US:

https://en.wikipedia.org/wiki/Penny_stock#Regulation
"
Regulation
In the United States, regulators have defined a penny stock as a security that meets a number of specific standards. The criteria include price, market capitalization, and minimum shareholder equity. Securities traded on a national stock exchange, regardless of price, are exempt from regulatory designation as a penny stock,[28] since it is thought that exchange-traded securities are less vulnerable to manipulation.[29] Therefore, Citigroup (NYSE:C) and other NYSE-listed securities which traded below $1.00 during the market downturn of 2008–09, while properly regarded as "low-priced" securities, were not technically "penny stocks".
...
"
 
thecoder said:
@SunTrader, FYI: here's the official definition of "penny stock" in the US:

https://en.wikipedia.org/wiki/Penny_stock#Regulation
"
Regulation
In the United States, regulators have defined a penny stock as a security that meets a number of specific standards. The criteria include price, market capitalization, and minimum shareholder equity. Securities traded on a national stock exchange, regardless of price, are exempt from regulatory designation as a penny stock,[28] since it is thought that exchange-traded securities are less vulnerable to manipulation.[29] Therefore, Citigroup (NYSE:C) and other NYSE-listed securities which traded below $1.00 during the market downturn of 2008–09, while properly regarded as "low-priced" securities, were not technically "penny stocks".
...
"
More...

Officially, yer not listening to what people here are telling you. It's a "penny stock".
 
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