Tonix Pharmaceuticals (TNXP) Stock Price Up 22.9%
Tonix Pharmaceuticals Holding Corp (NASDAQ:TNXP) shares rose 22.9% during mid-day trading on Thursday . The stock traded as high as $3.24 and last traded at $3.17. Approximately 2,567,450 shares were traded during trading, an increase of 66% from the average daily volume of 1,544,165 shares. The stock had previously closed at $2.58.
The stock has a market cap of $3.95 million, a P/E ratio of -0.11 and a beta of 1.85.
A number of institutional investors have recently added to or reduced their stakes in the stock. Citigroup Inc. purchased a new position in shares of Tonix Pharmaceuticals during the 4th quarter worth $34,000. CVI Holdings LLC acquired a new position in Tonix Pharmaceuticals in the 4th quarter valued at about $36,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Tonix Pharmaceuticals during the fourth quarter worth about $38,000. 34.30% of the stock is currently owned by hedge funds and other institutional investors.
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Tonix Pharmaceuticals Holding Corp., a clinical-stage biopharmaceutical company, focuses on discovering and developing pharmaceutical products to treat serious neuropsychiatric conditions and to improve biodefense. Its lead product candidate is TNX-102 SL or Tonmya that is designed as a bedtime administration for posttraumatic stress disorder (PTSD), which is in Phase 3 study in the military-related PTSD population.
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