Tango Therapeutics Inc’s filing revealed that its 10% Owner EcoR1 Capital, LLC unloaded Company’s shares for reported $4.9 million on Nov 06 ’24. In the deal valued at $3.28 per share,1,494,558 shares were sold. As a result of this transaction, EcoR1 Capital, LLC now holds 11,836,178 shares worth roughly $40.01 million.
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Then, EcoR1 Capital, LLC sold 1,205,442 shares, generating $3,539,720 in total proceeds. Upon selling the shares at $2.94, the 10% Owner now owns 10,630,736 shares.
Before that, Boxer Capital Management, LLC sold 3,080,000 shares. Tango Therapeutics Inc shares valued at $9,671,200 were divested by the at a price of $3.14 per share. As a result of the transaction, Boxer Capital Management, LLC now holds 3,610,642 shares, worth roughly $12.2 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 14.58% to $3.38. Over the last five days, the stock has lost -34.50%. Tango Therapeutics Inc shares have fallen nearly -65.86% since the year began. Nevertheless, the stocks have fallen -59.76% over the past one year. While a 52-week high of $13.01 was reached on 01/25/24, a 52-week low of $2.71 was recorded on 11/11/24. SMA at 50 days reached $7.24, while 200 days put it at $8.71.
Levels Of Support And Resistance For TNGX Stock
The 24-hour chart illustrates a support level at 2.92, which if violated will result in even more drops to 2.45. On the upside, there is a resistance level at 3.63. A further resistance level may holdings at 3.87. The Relative Strength Index (RSI) on the 14-day chart is 23.90, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.91, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.69%. Stochastics %K at 7.33% 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 2024-10-15, dropping by -1.55 million shares to a total of 8.9 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 10.45 million shares. There was a decline of -17.35%, which implies that there is a negative sentiment for the stock.
