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Tempest Therapeutics Inc (TPST) receives a Sector outperform rating from Scotiabank

Tempest Therapeutics Inc’s filing revealed that its Chief Medical Officer Whiting Samuel acquired Company’s shares for reported $9951.0 on Jul 02 ’24. In the deal valued at $2.13 per share,4,672 shares were bought. As a result of this transaction, Whiting Samuel now holds 9,573 shares worth roughly $19337.46.

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Then, Trojanowski Justin bought 7,500 shares, generating $16,200 in total proceeds. Upon buying the shares at $2.16, the Corporate Controller now owns 22,168 shares.

Scotiabank initiated its Tempest Therapeutics Inc [TPST] rating to a Sector outperform in a research note published on March 14, 2024; the price target was $13. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in early February with a ‘”a Buy”‘ rating.

Price Performance Review of TPST

On Friday, Tempest Therapeutics Inc [NASDAQ:TPST] saw its stock fall -4.27% to $2.02. Over the last five days, the stock has lost -6.91%. Tempest Therapeutics Inc shares have fallen nearly -54.09% since the year began. Nevertheless, the stocks have risen 55.38% over the past one year. While a 52-week high of $9.77 was reached on 04/02/24, a 52-week low of $0.17 was recorded on 06/21/24. SMA at 50 days reached $3.05, while 200 days put it at $3.44. A total of 0.63 million shares were traded, compared to the trading of 0.39 million shares in the previous session.

Levels Of Support And Resistance For TPST Stock

The 24-hour chart illustrates a support level at 1.96, which if violated will result in even more drops to 1.91. On the upside, there is a resistance level at 2.12. A further resistance level may holdings at 2.23. The Relative Strength Index (RSI) on the 14-day chart is 24.91, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.80%. Stochastics%K at 16.87% indicates the stock is a buying.

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