10% Owner HRT Financial Buys $102K of Tenon Medical Stock
TNON is trading near its 52-week low of $4.375 (1.9% above the low) on light trading volume (0.1× avg).
Summary
HRT Financial LP, a 10% owner of Tenon Medical, bought $102K of stock and sold $57K in late August, netting a $45K increase in its position near the 52-week low.
Key Events · Ownership and Investor Activity · TNON
-
10% Owner Net Buys $45K
HRT Financial LP purchased 18,357 shares for $102,458 and sold 8,299 shares for $57,334, resulting in a net purchase of $45,124.
-
Trades Near 52-Week Low
The transactions occurred as the stock trades near its 52-week low of $4.38, following a 1-for-35 reverse split on August 10, 2026.
-
Post-Transaction Holdings
HRT Financial LP's direct holdings decreased to 1,730 shares after the transactions, reflecting active portfolio management.
-
Distressed Company Context
Tenon Medical has ongoing going concern doubt, a material weakness in controls, and less than 12 months of cash runway per its Q2 2026 10-Q.
Analysis · TNON · Industrial Applications And Services
HRT Financial LP, a 10% owner of Tenon Medical, made net open-market purchases of $45,124 across two days in late August, buying 18,357 shares for $102,458 while selling 8,299 shares for $57,334. The net buying comes as the stock trades near its 52-week low of $4.38, and follows a reverse split on August 10 that adjusted share counts and prices. The transactions represent a meaningful 5.3% of the company's market cap, though the absolute dollar amount is modest. The purchases were executed at prices between $5.21 and $6.35, while sales occurred at $4.66 to $7.90, suggesting active trading rather than a one-way conviction signal.
How filings like this one have moved
In the 30 days to Sep 11, 2026, 30.5% of the 1993 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.21%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, TNON was trading at $4.46 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $3M. The 52-week trading range was $4.38 to $50.40. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.