Why Is STIM Stock Rallying 16% After-Hours?

Neuronetics’ largest independent shareholder called upon its board of directors to conduct a review of strategic alternatives on Monday.
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Rising stock market chart on a trading board background. | Image source: Yuichiro Chino on Getty Images
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Anan Ashraf·Stocktwits
Published Apr 06, 2026   |   4:25 PM EDT
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Shares of Neuronetics Inc. (STIM) jumped 16% after-hours on Monday after the firm’s largest independent shareholder called upon its board of directors to conduct a review of strategic alternatives, highlighting the company’s finite resources.

Jorey Chernett, who owns about 14% of the company's outstanding shares, urged the board to consider options including the sale of its Transcranial Magnetic Stimulation (TMS) business.

The shareholder instead recommended that the company’s clinic business operate on a standalone basis. 

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