What's Going On With Tonix Pharmaceuticals Shares Today?

What's Going On With Tonix Pharmaceuticals Shares Today?

Tonix Pharmaceuticals Holding Corp TNXP shares are trading lower by 6.03% to $2.96 during Thursday’s pre-market session. The company announced Thursday that it has regained compliance with the minimum bid price requirement for continued listing on the Nasdaq.

Tonix's shares had a closing bid price at or above $1.00 per share for a minimum of 10 consecutive business days, which means Tonix's stock had regained compliance with the minimum bid price requirement of $1.00 per share for continued listing on the Nasdaq.

Tonix on Monday, May 16 announced that it will implement a 1-for-32 reverse stock split of its outstanding common stock. This split became effective for trading purposes as of the commencement of trading on May 17.

See Also: Why C3.Ai Shares Are Getting Hammered Today

Tonix Pharmaceuticals is a clinical-stage biopharmaceutical company.

According to data from Benzinga Pro, Tonix Pharmaceuticals has a 52-week high of $45.44 and a 52-week low of $1.91.

Posted In: why it's movingPenny StocksMoversTrading Ideas

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.