Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Personalis Inc shares valued at $17,745,000 were purchased by Tempus AI, Inc. on Aug 16 ’24. At $5.07 per share, Tempus AI, Inc. acquired 3,500,000 shares. The insider’s holdings grew to 12,718,800 shares worth approximately $64.23 million following the completion of this transaction.
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Also, Chen Richard sold 524 shares, netting a total of over 1,556 in proceeds. Following the sale of shares at $2.97 each, the insider now holds 127,227 shares.
Before that, Tachibana Aaron had sold 742 shares from its account. In a trade valued at $2,204, the CFO AND COO traded Personalis Inc shares for $2.97 each. Upon closing the transaction, the insider’s holdings decreased to 742 shares, worth approximately $0.89 million.
As published in a research note from Needham on February 06, 2023, Personalis Inc [PSNL] has been rated up from a Hold to a Buy and the price target has been revised to $8. Analysts at Needham upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early February. As of January 07, 2022, BofA Securities has increased its “Neutral” rating to a “Buy” for PSNL. Earlier on November 05, 2021, Morgan Stanley downgraded its rating. Their new recommendation was “an Equal-weight” for PSNL stock which previously was a “an Overweight”.
Analyzing PSNL Stock Performance
During the last five days, there has been a surge of approximately 7.45%. Over the course of the year, Personalis Inc shares have jumped approximately 140.48%. Shares of the company reached a 52-week high of $7.20 on 08/16/24 and a 52-week low of $1.12 on 02/08/24. A 50-day SMA is recorded $5.22, while a 200-day SMA reached $2.68. Nevertheless, trading volume fell to 0.5 million shares from 0.52 million shares the previous day.
Support And Resistance Levels for Personalis Inc (PSNL)
According to the 24-hour chart, there is a support level at 4.96, which, if violated, would cause prices to drop to 4.88. In the upper region, resistance lies at 5.19. The next price resistance is at 5.34. RSI (Relative Strength Index) is 52.18 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.28, which suggests the price will decrease in the coming days. Percent R is at 35.29%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
