Tango Therapeutics Inc’s recently made public that its 10% Owner Third Rock Ventures IV, L.P. unloaded Company’s shares for reported $0.71 million on Sep 13 ’24. In the deal valued at $10.53 per share,67,400 shares were sold. As a result of this transaction, Third Rock Ventures IV, L.P. now holds 16,859,075 shares worth roughly $129.81 million.
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Then, Third Rock Ventures IV, L.P. bought 67,400 shares, generating $707,700 in total proceeds.
Before that, Third Rock Ventures IV, L.P. sold 75,000 shares. Tango Therapeutics Inc shares valued at $867,135 were divested by the 10% Owner at a price of $11.56 per share. As a result of the transaction, Third Rock Ventures IV, L.P. now holds 16,926,475 shares, worth roughly $130.33 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 Monday, Tango Therapeutics Inc [NASDAQ:TNGX] saw its stock jump 3.08% to $7.70. Over the last five days, the stock has gained 0.13%. Tango Therapeutics Inc shares have fallen nearly -22.22% since the year began. Nevertheless, the stocks have fallen -29.23% 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 $9.61, while 200 days put it at $9.37.
Levels Of Support And Resistance For TNGX Stock
The 24-hour chart illustrates a support level at 7.49, which if violated will result in even more drops to 7.27. On the upside, there is a resistance level at 7.85. A further resistance level may holdings at 7.99. The Relative Strength Index (RSI) on the 14-day chart is 37.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.96, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.29%. Stochastics %K at 7.79% indicates the stock is a buying.
How much short interest is there in Tango Therapeutics Inc?
A steep rise in short interest was recorded in Tango Therapeutics Inc stocks on 2024-09-13, growing by 0.33 million shares to a total of 10.45 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 10.12 million shares. There was a rise of 3.2%, which implies that there is a positive sentiment for the stock.
