Tango Therapeutics Inc’s filing revealed that its Affiliate Third Rock Ventures IV, L.P. acquired Company’s shares for reported $1.34 million on Aug 16 ’24. In the deal valued at $9.96 per share,135,000 shares were bought.
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Then, Third Rock Ventures IV, L.P. sold 100,000 shares, generating $993,380 in total proceeds. Upon selling the shares at $9.93, the 10% Owner now owns 17,526,475 shares.
Before that, Third Rock Ventures IV, L.P. sold 95,000 shares. Tango Therapeutics Inc shares valued at $931,114 were divested by the 10% Owner at a price of $9.80 per share. As a result of the transaction, Third Rock Ventures IV, L.P. now holds 17,626,475 shares, worth roughly $175.56 million.
Jefferies initiated its Tango Therapeutics Inc [TNGX] rating to a Buy in a research note published on July 17, 2024; the price target was $19. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who began to cover the stock in early April with a ‘”an Overweight”‘ rating. Piper Sandler began covering TNGX with “an Overweight” recommendation on February 12, 2024. B. Riley Securities started covering the stock on December 08, 2023. It rated TNGX as “a Buy”.
Price Performance Review of TNGX
On Friday, Tango Therapeutics Inc [NASDAQ:TNGX] saw its stock jump 5.96% to $9.96. Over the last five days, the stock has gained 17.18%. Tango Therapeutics Inc shares have risen nearly 0.61% since the year began. Nevertheless, the stocks have risen 45.61% over the past one year. While a 52-week high of $13.03 was reached on 01/25/24, a 52-week low of $5.15 was recorded on 05/30/24. SMA at 50 days reached $9.09, while 200 days put it at $9.11.
Levels Of Support And Resistance For TNGX Stock
The 24-hour chart illustrates a support level at 9.49, which if violated will result in even more drops to 9.03. On the upside, there is a resistance level at 10.21. A further resistance level may holdings at 10.47. The Relative Strength Index (RSI) on the 14-day chart is 60.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 16.33%. Stochastics%K at 62.93% indicates the stock is a holding.
How much short interest is there in Tango Therapeutics Inc?
A steep rise in short interest was recorded in Tango Therapeutics Inc stocks on 2024-07-31, growing by 0.79 million shares to a total of 9.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 8.33 million shares. There was a rise of 8.69%, which implies that there is a positive sentiment for the stock.
