In a filing, Tempest Therapeutics Inc revealed its 10% Owner Versant Venture Capital VI, L. unloaded Company’s shares for reported $0.43 million on Aug 12 ’24. In the deal valued at $1.10 per share,387,999 shares were sold. As a result of this transaction, Versant Venture Capital VI, L. now holds 209,941 shares worth roughly $0.2 million.
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Then, Versant Venture Capital VI, L. bought 400,000 shares, generating $7,210,532 in total proceeds.
Before that, Versant Venture Capital VI, L. sold 400,000 shares. Tempest Therapeutics Inc shares valued at $540,040 were divested by the 10% Owner at a price of $1.35 per share. As a result of the transaction, Versant Venture Capital VI, L. now holds 597,940 shares, worth roughly $0.57 million.
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 Monday, Tempest Therapeutics Inc [NASDAQ:TPST] saw its stock fall -16.78% to $0.96. Over the last five days, the stock has lost -31.15%. Tempest Therapeutics Inc shares have fallen nearly -78.25% since the year began. Nevertheless, the stocks have risen 56.89% 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 08/12/24. SMA at 50 days reached $2.2074, while 200 days put it at $3.3610.
Levels Of Support And Resistance For TPST Stock
The 24-hour chart illustrates a support level at 0.8474, which if violated will result in even more drops to 0.7378. On the upside, there is a resistance level at 1.1433. A further resistance level may holdings at 1.3296. The Relative Strength Index (RSI) on the 14-day chart is 19.56, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.3940, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.56%. Stochastics%K at 3.21% indicates the stock is a buying.
How much short interest is there in Tempest Therapeutics Inc?
A steep rise in short interest was recorded in Tempest Therapeutics Inc stocks on
