Long Position on SLNO @ $37.25 on 12/8/2023 (Fundamentals)

Soleno Therapeutics, Inc. (SLNO), a clinical-stage biopharmaceutical company, focuses on the development and commercialization of novel therapeutics for the treatment of rare diseases.

Its lead candidate is Diazoxide Choline Extended-Release tablets, a once-daily oral tablet, which is in Phase III clinical trials for the treatment of Prader-Willi Syndrome.

The company was formerly known as Capnia, Inc. and changed its name to Soleno Therapeutics, Inc. in May 2017. Soleno Therapeutics, Inc. was incorporated in 1999 and is based in Redwood City, California.

After the announcement of several grants, shares should be headingg higher along its bullish flag formation.

Entry Point: $37.25

Trading Range: $0.85 - $38.20

Stop Loss: $35.40

Target Price: $41.00

Position closed on 1/9/2024 at price of $41.00 with a 10.07% gain in 32 days.

Back to Portfolio