In a filing, Tempus AI Inc. revealed 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 $626.15 million.
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Piper Sandler initiated its Tempus AI Inc. [TEM] rating to a Neutral in a research note published on August 12, 2024; the price target was $40. A number of analysts have revised their coverage, including William Blair’s analysts, who began to cover the stock in early July with a ‘”an Outperform”‘ rating. TD Cowen began covering TEM with “Buy” recommendation on July 09, 2024. Stifel started covering the stock on July 09, 2024. It rated TEM as “a Buy”.
Price Performance Review of TEM
On Tuesday, Tempus AI Inc. [NASDAQ:TEM] saw its stock fall -9.95% to $49.23. Over the last five days, the stock has gained 9.28%. Tempus AI Inc. shares have risen nearly 22.31% since the year began.
Levels Of Support And Resistance For TEM Stock
The 24-hour chart illustrates a support level at 46.48, which if violated will result in even more drops to 43.73. On the upside, there is a resistance level at 53.82. A further resistance level may holdings at 58.41. The Relative Strength Index (RSI) on the 14-day chart is 48.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.74, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.01%. Stochastics %K at 27.57% indicates the stock is a holding.
How much short interest is there in Tempus AI Inc.?
A steep rise in short interest was recorded in Tempus AI Inc. stocks on 2024-08-30, growing by 0.48 million shares to a total of 3.55 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 3.07 million shares. There was a rise of 13.5%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 09, 2024 when Needham began covering the stock and recommended ‘”a Buy”‘ rating along with a $47 price target.
