Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Tenaya Therapeutics Inc shares valued at $6,840 were sold by Saito Chihiro on Aug 16 ’24. At $2.89 per share, Saito Chihiro sold 2,363 shares. The insider’s holdings dropped to 63,241 shares worth approximately $0.14 million following the completion of this transaction.
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Also, Tingley Whittemore sold 7,428 shares, netting a total of over 21,500 in proceeds. Following the sale of shares at $2.89 each, the insider now holds 107,106 shares.
Before that, Ali Faraz had sold 9,748 shares from its account. In a trade valued at $28,216, the Chief Executive Officer traded Tenaya Therapeutics Inc shares for $2.89 each. Upon closing the transaction, the insider’s holdings decreased to 9,748 shares, worth approximately $0.4 million.
As published in their initiating research note from William Blair on June 10, 2024, Tenaya Therapeutics Inc [TNYA] has been an Outperform. Analysts at Leerink Partners started covering the stock with ‘”an Outperform”‘ outlook in a report released in late November. As of June 15, 2022, H.C. Wainwright has initiated its “Buy” rating for TNYA.
Analyzing TNYA Stock Performance
During the last five days, there has been a surge of approximately 31.10%. Over the course of the year, Tenaya Therapeutics Inc shares have dropped approximately -33.64%. Shares of the company reached a 52-week high of $7.0100 on 03/05/24 and a 52-week low of $1.6100 on 10/10/24. A 50-day SMA is recorded $2.2800, while a 200-day SMA reached $3.7600. Nevertheless, trading volume fell to 1.07 million shares from 0.57 million shares the previous day.
Support And Resistance Levels for Tenaya Therapeutics Inc (TNYA)
According to the 24-hour chart, there is a support level at 1.8700, which, if violated, would cause prices to drop to 1.5800. In the upper region, resistance lies at 2.3000. The next price resistance is at 2.4400. RSI (Relative Strength Index) is 56.86 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0700, which suggests the price will decrease in the coming days. Percent R is at 1.82%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
