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Tenable Holdings Inc [TENB] Investment Guide: What You Need to Know

In a filing, Tenable Holdings Inc revealed its Director AMIT YORAN acquired Company’s shares for reported $3.02 million on Jul 30 ’24. In the deal valued at $43.14 per share,70,000 shares were bought.

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Then, Thurmond Mark C. bought 4,700 shares, generating $230,329 in total proceeds.

Before that, Yoran Amit sold 40,000 shares. Tenable Holdings Inc shares valued at $1,908,614 were divested by the President, CEO and Chairman at a price of $47.72 per share. As a result of the transaction, Yoran Amit now holds 387,356 shares, worth roughly $16.18 million.

DA Davidson downgraded its Tenable Holdings Inc [TENB] rating to a Neutral from a a Buy in a research note published on August 01, 2024; the price target was decreased to $40 from $56. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who began to cover the stock in mid July with a ‘”an Outperform”‘ rating. Scotiabank began covering TENB with “Sector perform” recommendation on April 26, 2024. Needham maintained its rating on February 07, 2024. It rated TENB as “a Buy”.

Price Performance Review of TENB

On Friday, Tenable Holdings Inc [NASDAQ:TENB] saw its stock fall -1.67% to $41.77. Over the last five days, the stock has lost -3.31%. Tenable Holdings Inc shares have fallen nearly -9.31% since the year began. Nevertheless, the stocks have fallen -11.88% over the past one year. While a 52-week high of $53.50 was reached on 02/07/24, a 52-week low of $33.85 was recorded on 08/01/24. SMA at 50 days reached $42.48, while 200 days put it at $44.42. A total of 1.31 million shares were traded, compared to the trading of 5.03 million shares in the previous session.

Levels Of Support And Resistance For TENB Stock

The 24-hour chart illustrates a support level at 40.68, which if violated will result in even more drops to 39.59. On the upside, there is a resistance level at 42.43. A further resistance level may holdings at 43.10. The Relative Strength Index (RSI) on the 14-day chart is 44.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.59, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 53.19%. Stochastics%K at 50.44% indicates the stock is a holding.

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