Stryker shares tumble despite strong Q2 results and raised guidance
In a challenging year for Moringa Acquisition Corp (SLXN), the company's stock has plummeted to a 52-week low, trading at $0.79, with a market capitalization of just $1.29 million. InvestingPro analysis indicates the stock is in oversold territory, with technical indicators suggesting extreme selling pressure. This latest price level reflects a stark downturn in investor sentiment as the stock has experienced a precipitous 1-year change, with a staggering loss of -99.11% from its 52-week high of $122.02. The significant drop underscores the volatility and the tough market conditions that SLXN has faced, shaking the confidence of shareholders and potential investors alike. As the company grapples with market dynamics and internal challenges, stakeholders are closely monitoring its performance for signs of a turnaround or further decline. With a weak Financial Health Score of 0.09, InvestingPro subscribers can access 8 additional key insights about SLXN's market position and future prospects.
In other recent news, Silexion Therapeutics Corp has announced a reverse share split and consequential adjustments to its outstanding warrants, a move that was approved by shareholders in a recent meeting. The 1-for-9 reverse split has reduced the number of issued and outstanding shares, increasing the par value of each share from $0.0001 to $0.0009. The company has also issued a Warrant Adjustment Notice, detailing adjustments to the number of ordinary shares issuable upon warrant exercise and an increase in the exercise price to $103.50 per share.
In addition to these capital structure changes, Silexion Therapeutics Corp has made significant progress in its preclinical studies for SIL-204, a siRNA candidate aimed at treating KRAS-driven cancers. The company plans to move into Phase 2/3 clinical trials in the first half of 2026 and has reported enhanced results from its Phase 2 trial of LODER™ in treating locally advanced pancreatic cancer.
However, the company also announced the immediate resignation of board member Ilan Shiloah due to competing time demands, leaving vacancies on the audit, compensation, and corporate governance and nominating committees. These are the recent developments in the evolving corporate landscape of Silexion Therapeutics Corp.
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