UNEXPLAINED MOVE · MOVER · HALT · WED SEP 9 2026

TNON halted on Sep 9 2026 at $2.74

TNON-18.5%on Wed Sep 9 2026

Tenon Medical, Inc. Common Stock was down 18.5% on the day at $2.74, ranked #32 on 45.8× its usual five-minute volume, when TapeRank recorded this trading halt at 15:28 ET during regular hours when it was halted. TapeRank recorded 3 events for TNON that day, between 08:35 and 15:28 ET, and each is in the timeline below.

THE DAY ON THE LIST · 3 EVENTS

  1. 08:35 ET
    UNEXPLAINED MOVE · PRE-MARKET

    $4.33 · ▲ 16.3% ON THE DAY · 192× 5M RVOL · RANK #1

    UNEXPLAINEDCONFIDENCE4/5

    TNON is up over 16% on the day and surged another 30% in the last five minutes on volume 153 times normal, against an extremely thin float of roughly 667,000 shares. The only filing available is a Form 4 insider transaction, which does not constitute a disclosed catalyst capable of explaining a move of this magnitude.

    WHYA routine Form 4 insider filing carries essentially no information content, yet the stock is moving 30% in five minutes on a tiny float, indicating the move is being driven by order flow and float scarcity rather than news.
    ANALYZED 08:35 ET · <1 MIN AGO · ANTHROPIC/CLAUDE-SONNET-5
    THE ROW AND SESSION LEVELS AT 08:35 ET
    LAST4.33
    DAY▲ 16.3%
    5 MIN▲ 30.27%
    5M RVOL192×
    5M $VOL$2.9M
    FLOAT*667K
    RANK#1
    SESSIONPRE-MARKET
    VWAP4.22
    HOD4.57
    LOD3.18
    OR HIGH—
    OR LOW—
    PREV CLOSE3.72
    PM HIGH4.57
    PM LOW3.20
    GAP▼ 3.76%

    * FLOAT IS SHARES OUTSTANDING; TRUE FREE FLOAT IS NOT AVAILABLE

    — MEANS THE LEVEL DID NOT EXIST YET AT THAT INSTANT, NOT ZERO

  2. 08:41 ET
    MOVER · PRE-MARKET

    $4.53 · ▲ 21.8% ON THE DAY · 945× 5M RVOL · RANK #1

    The same verdict as at 08:35 ET.

    THE ROW AND SESSION LEVELS AT 08:41 ET
    LAST4.53
    DAY▲ 21.8%
    5 MIN▲ 9.52%
    5M RVOL945×
    5M $VOL$7.1M
    FLOAT*667K
    RANK#1
    SESSIONPRE-MARKET
    VWAP4.10
    HOD4.57
    LOD3.18
    OR HIGH—
    OR LOW—
    PREV CLOSE3.72
    PM HIGH4.57
    PM LOW3.20
    GAP▼ 3.76%

    * FLOAT IS SHARES OUTSTANDING; TRUE FREE FLOAT IS NOT AVAILABLE

    — MEANS THE LEVEL DID NOT EXIST YET AT THAT INSTANT, NOT ZERO

  3. 15:28 ET
    HALT · REGULAR

    HALTED AT $2.74 · ▼ 18.5% ON THE DAY · 45.8× 5M RVOL · RANK #32

    No verdict was committed for this event.

    THE ROW AND SESSION LEVELS AT 15:28 ET
    LAST2.74
    DAY▼ 18.5%
    5 MIN▼ 13.43%
    5M RVOL45.8×
    5M $VOL$244K
    FLOAT*667K
    RANK#32
    SESSIONREGULAR
    VWAP3.95
    HOD3.67
    LOD2.74
    OR HIGH—
    OR LOW—
    PREV CLOSE3.36
    PM HIGH—
    PM LOW—
    GAP▲ 2.38%

    * FLOAT IS SHARES OUTSTANDING; TRUE FREE FLOAT IS NOT AVAILABLE

    — MEANS THE LEVEL DID NOT EXIST YET AT THAT INSTANT, NOT ZERO

NO VERDICT MEANS THE MODEL HAD NOT REACHED THE NAME BEFORE THE EVENT WAS FINALIZED, OR ITS ANSWER HEDGED AND WAS WITHHELD. NOTHING WAS FILLED IN AFTERWARDS.

THE SESSION

  • 09:30 ETOpened at $3.44, -7.5% on the previous close of $3.72
  • 09:59 ETRegular-session high, $3.67
  • 15:27 ETHalted (LUDP); resumed 15:32 ET, after 5 minutes
  • 15:34 ETHalted (LUDP); resumed 15:35 ET, after 1 minute
  • 15:53 ETRegular-session low, $2.40
  • 15:59 ETLast trade of the regular session, $2.44, -34.4% on the previous close of $3.72
  • Volume: 2.6M shares in regular hours, 8.7M before the open

TNON opened at $3.44, already down 7.5% from the prior close, then jumped to rank #1 on TapeRank's board by 08:35 ET at $4.33 and further to $4.53 by 08:41 ET, up as much as 21.8% on the day; TapeRank flagged this move as unexplained, noting only a routine Form 4 insider filing on record, insufficient to account for the surge on such a thin float. The stock later gave back those gains, printing a session high of $3.67 at 09:59 ET before sliding to a low of $2.40 at 15:53 ET, triggering two brief trading halts minutes apart, and closed the regular session at $2.44, down 34.4% on the day.

WRITTEN THU OCT 15 2026 17:44 ET BY ANTHROPIC/CLAUDE-SONNET-5 FROM THE FACTS ON THIS PAGE

FILINGS · 24H BEFORE THE MOVE

On the tape right now

WHERE THE LIST STOODWED NOV 4 2026 · 13:49 ETRECORDED LIVE · 742 QUALIFY

01
ECGSURGING 0:05
79.71
▼ 29.3%
▼ 1.41%
41.0×
FAD
$6.2M
51.1M*
STRETCHED
02
CAVASURGING 0:00
64.78
▲ 7.4%
▲ 1.30%
9.3×
ORBHODVWH
$11.6M
116.8M*
UNEXPLAINED
03
URGNSURGING 0:00
29.16
▼ 15.2%
▼ 1.29%
15.6×
FAD
$1.4M
48.9M*
JUSTIFIED
04
MPTISURGING 0:00
64.15
▼ 1.5%
▲ 0.96%
23.8×
VWH
$637K
4.3M*
UNEXPLAINED
05
LSPDSURGING 0:00
11.52
▲ 4.9%
▼ 1.24%
16.5×
ORB
$426K
133.3M*
UNEXPLAINED
06
CRCTSURGING 0:00
8.90
▲ 49.2%
▼ 0.72%
15.1×
GAPORBVWHEXT
$395K
54.7M*
STRETCHED
07
BROSSURGING 0:00
43.97
▲ 0.9%
▼ 0.91%
4.0×
FAD
$4.3M
137.9M*
UNEXPLAINED
08
LMRICOOLING 1:35
12.85
▲ 14.5%
▲ 1.06%
132×
ORBHODVWH
$1.7M
—
UNEXPLAINED
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