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
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". ... "