Terns Pharmaceuticals Inc’s filing revealed that its Director Lu Hongbo acquired Company’s shares for reported $5.0 million on Sep 12 ’24. In the deal valued at $10.50 per share,476,190 shares were bought. As a result of this transaction, Lu Hongbo now holds 476,190 shares worth roughly $3.94 million.
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Then, Vignola Mark J. sold 10,000 shares, generating $110,000 in total proceeds. Upon selling the shares at $11.00, the Chief Financial Officer now owns 91,940 shares.
Before that, Quigley Jill M. sold 17,235 shares. Terns Pharmaceuticals Inc shares valued at $172,350 were divested by the Director at a price of $10.00 per share. As a result of the transaction, Quigley Jill M. now holds 15,000 shares, worth roughly $0.12 million.
Mizuho initiated its Terns Pharmaceuticals Inc [TERN] rating to a Buy in a research note published on June 22, 2023; the price target was $16. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in early June with a ‘”a Buy”‘ rating. ROTH MKM began covering TERN with “Buy” recommendation on May 31, 2023. BMO Capital Markets started covering the stock on May 08, 2023. It rated TERN as “an Outperform”.
Price Performance Review of TERN
On Friday, Terns Pharmaceuticals Inc [NASDAQ:TERN] saw its stock jump 0.85% to $8.27. Over the last five days, the stock has lost -3.27%. Terns Pharmaceuticals Inc shares have risen nearly 27.43% since the year began. Nevertheless, the stocks have risen 67.07% over the past one year. While a 52-week high of $11.40 was reached on 09/10/24, a 52-week low of $3.26 was recorded on 04/19/24. SMA at 50 days reached $8.21, while 200 days put it at $6.96.
Levels Of Support And Resistance For TERN Stock
The 24-hour chart illustrates a support level at 8.07, which if violated will result in even more drops to 7.88. On the upside, there is a resistance level at 8.46. A further resistance level may holdings at 8.66. The Relative Strength Index (RSI) on the 14-day chart is 44.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.85, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.37%. Stochastics %K at 14.00% indicates the stock is a buying.
How much short interest is there in Terns Pharmaceuticals Inc?
A steep rise in short interest was recorded in Terns Pharmaceuticals Inc stocks on 2024-09-13, growing by 1.96 million shares to a total of 3.76 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 1.8 million shares. There was a rise of 52.05%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on February 14, 2023 when JMP Securities began covering the stock and recommended ‘”a Mkt outperform”‘ rating along with a $17 price target.
