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SenesTech (SNES) closed flat today, with the share price rising to its highest level since August 2024, marking an intraday gain of 14.56%.
The strategy of buying shares after they reached a recent high and holding for 1 week showed poor performance over the past 5 years. The annualized return was -22.4%, significantly underperforming the market. This indicates that relying on recent highs as a buying trigger and holding for a short duration is not a profitable strategy for SNES.SenesTech's stock price has been positively influenced by several recent developments. The company's Evolve™ Rat Birth Control has shown promising results in field trials, with significant reductions in rodent sightings and bait consumption over a three-month period. These trials, conducted at UC Irvine and in urban centers like Hong Kong and San Francisco, have demonstrated the product's effectiveness in controlling rodent populations sustainably and in compliance with environmental regulations. This innovative approach, which combines fertility control with traditional rodenticides, has garnered attention from pest management professionals and investors, indicating a growing global market for advanced rodent control solutions.
In addition to the successful field trials,
recently announced pallet and container orders on June 26, 2025. This announcement suggests ongoing expansion and demand for the company's products, further bolstering investor confidence in SenesTech's growth prospects. The combination of these positive developments has contributed to the recent surge in the company's stock price, reflecting the market's optimism about its future performance.
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