5 Stocks With Unexpected Gains

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1. Soleno Therapeutics Inc. (NASDAQ:SLNO)

Soleno Therapeutics soared by 32.31 percent on Monday to close at $52.25 apiece, as investors gobbled up shares following news that it is set to be acquired by Neurocrine Biosciences Inc. at a 34-percent upside.

In a statement, Neurocrine said that it entered into a definitive agreement with Soleno Therapeutics Inc. (NASDAQ:SLNO) for the acquisition of all its issued and outstanding shares at a price of $53 apiece, for a total of $2.9 billion.

Prior to the announcement, Soleno Therapeutics Inc. (NASDAQ:SLNO) last traded at $39.49.

The merger is set to expand Neurocrine’s portfolio of innovative medicines, with the addition of VYKAT XR, and strengthen its leadership position in endocrinology and rare disease.

Since securing the approval of the Food and Drug Administration last year, VYKAT XR has already generated $190 million in 2025 revenues for Soleno Therapeutics Inc. (NASDAQ:SLNO), of which $92 million was registered in the fourth quarter alone.

“Neurocrine is the right strategic partner to expand the reach of VYKAT XR in the Prader-Willi syndrome community, given their experience in endocrinology and rare disease and their proven ability to execute successful commercial launches. We are excited to accelerate VYKAT XR’s impact for PWS patients following completion of the transaction by leveraging Neurocrine’s strong commercial capabilities,” said Soleno Therapeutics Inc. (NASDAQ:SLNO) Chairman and Chief Executive Officer Anish Bhatnagar.

While we acknowledge the potential of SLNO to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SLNO and that has 100x upside potential, check out our report about the cheapest AI stock.

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