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Needham’s latest rating for PSNL stock

Personalis Inc’s filing revealed that its 10% Owner Tempus AI, Inc. acquired Company’s shares for reported $17.75 million on Aug 16 ’24. In the deal valued at $5.07 per share,3,500,000 shares were bought. As a result of this transaction, Tempus AI, Inc. now holds 12,718,800 shares worth roughly $73.77 million.

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Then, Chen Richard sold 524 shares, generating $1,556 in total proceeds. Upon selling the shares at $2.97, the CHIEF MEDICAL OFFICER AND EVP now owns 127,227 shares.

Before that, Tachibana Aaron sold 742 shares. Personalis Inc shares valued at $2,204 were divested by the CFO AND COO at a price of $2.97 per share. As a result of the transaction, Tachibana Aaron now holds 175,270 shares, worth roughly $1.02 million.

Needham upgraded its Personalis Inc [PSNL] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Needham’s analysts, who increased its forecast for the stock in early February from “a Hold” to “a Buy”. BofA Securities also remained covering PSNL and has increased its forecast on January 07, 2022 with a “Buy” recommendation from previously “Neutral” rating. Morgan Stanley revised its rating on November 05, 2021. It rated PSNL as “an Equal-weight” which previously was an “an Overweight”.

Price Performance Review of PSNL

On Monday, Personalis Inc [NASDAQ:PSNL] saw its stock fall -2.85% to $5.80. Over the last five days, the stock has lost -0.68%. Personalis Inc shares have risen nearly 176.19% since the year began. Nevertheless, the stocks have risen 276.62% over the past one year. While a 52-week high of $7.20 was reached on 08/16/24, a 52-week low of $0.89 was recorded on 02/08/24. SMA at 50 days reached $2.90, while 200 days put it at $1.83.

Levels Of Support And Resistance For PSNL Stock

The 24-hour chart illustrates a support level at 5.52, which if violated will result in even more drops to 5.25. On the upside, there is a resistance level at 6.15. A further resistance level may holdings at 6.51. The Relative Strength Index (RSI) on the 14-day chart is 66.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.87, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 31.89%. Stochastics %K at 68.72% indicates the stock is a holding.

How much short interest is there in Personalis Inc?

A steep rise in short interest was recorded in Personalis Inc stocks on 2024-07-31, growing by 0.39 million shares to a total of 1.81 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 1.42 million shares. There was a rise of 21.43%, which implies that there is a positive sentiment for the stock.

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