The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Tenable Holdings Inc shares valued at $102,154 were sold by Zecher Linda Kay on May 23 ’24. At $43.47 per share, Zecher Linda Kay sold 2,350 shares. The insider’s holdings dropped to 2,853 shares worth approximately $0.12 million following the completion of this transaction.
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Also, Thurmond Mark C. sold 820 shares, netting a total of over 35,711 in proceeds. Following the sale of shares at $43.55 each, the insider now holds 29,515 shares.
Before that, Yoran Amit had sold 4,851 shares from its account. In a trade valued at $212,280, the President, CEO and Chairman traded Tenable Holdings Inc shares for $43.76 each. Upon closing the transaction, the insider’s holdings decreased to 4,851 shares, worth approximately $15.59 million.
As published in their initiating research note from Scotiabank on April 26, 2024, Tenable Holdings Inc [TENB] has been a Sector perform and the price target has been revised to $47. Analysts at Needham resumed the stock at ‘”a Buy”‘ outlook in a report released in early February. As of January 09, 2024, Morgan Stanley has increased its “an Equal-weight” rating to a “an Overweight” for TENB. Earlier on December 15, 2023, Susquehanna initiated its rating. Their recommendation was “a Positive” for TENB stock.
Analyzing TENB Stock Performance
During the last five days, there has been a drop of approximately -2.55%. Over the course of the year, Tenable Holdings Inc shares have dropped approximately -6.36%. Shares of the company reached a 52-week high of $53.50 on 02/07/24 and a 52-week low of $42.71 on 01/05/24. A 50-day SMA is recorded $46.30, while a 200-day SMA reached $45.02. Nevertheless, trading volume fell to 0.63 million shares from 0.62 million shares the previous day.
Support And Resistance Levels for Tenable Holdings Inc (TENB)
According to the 24-hour chart, there is a support level at 42.72, which, if violated, would cause prices to drop to 42.31. In the upper region, resistance lies at 43.61. The next price resistance is at 44.09. RSI (Relative Strength Index) is 33.22 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.15, which suggests the price will decrease in the coming days. Percent R is at 88.57%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
