Tempus AI Inc’s recently made public that 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 $565.99 million.
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BofA Securities downgraded its Tempus AI Inc [TEM] rating to a Neutral from a a Buy in a research note published on October 02, 2024; the price target was increased to $60 from $45. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who began to cover the stock in mid August with a ‘”a Neutral”‘ rating. William Blair began covering TEM with “an Outperform” recommendation on July 09, 2024. TD Cowen 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 -10.10% to $44.50. Over the last five days, the stock has lost -1.59%. Tempus AI Inc shares have risen nearly 10.56% since the year began.
Levels Of Support And Resistance For TEM Stock
The 24-hour chart illustrates a support level at 39.62, which if violated will result in even more drops to 34.75. On the upside, there is a resistance level at 49.09. A further resistance level may holdings at 53.69. The Relative Strength Index (RSI) on the 14-day chart is 44.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.82%. Stochastics %K at 53.64% 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 2024-10-15, dropping by 62391.0 shares to a total of 2.91 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 2.97 million shares. There was a decline of -2.15%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 09, 2024 when Stifel began covering the stock and recommended ‘”a Buy”‘ rating along with a $45 price target.
