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Needham upgrades Personalis Inc (PSNL) stock to a Buy

In a filing, Personalis Inc revealed its PRESIDENT AND CEO Hall Christopher M unloaded Company’s shares for reported $0.14 million on Nov 01 ’24. In the deal valued at $5.38 per share,26,443 shares were sold. As a result of this transaction, Hall Christopher M now holds 178,098 shares worth roughly $0.88 million.

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Then, Tempus AI, Inc. bought 3,500,000 shares, generating $17,745,000 in total proceeds. Upon buying the shares at $5.07, the 10% Owner now owns 12,718,800 shares.

Before that, Chen Richard sold 524 shares. Personalis Inc shares valued at $1,556 were divested by the CHIEF MEDICAL OFFICER AND EVP at a price of $2.97 per share. As a result of the transaction, Chen Richard now holds 127,227 shares, worth roughly $0.63 million.

Needham upgraded its Personalis Inc [PSNL] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Needham’s analysts, who increased its forecast for the stock in early February from “a Hold” to “a Buy”. BofA Securities also remained covering PSNL and has increased its forecast on January 07, 2022 with a “Buy” recommendation from previously “Neutral” rating. Morgan Stanley revised its rating on November 05, 2021. It rated PSNL as “an Equal-weight” which previously was an “an Overweight”.

Price Performance Review of PSNL

On Monday, Personalis Inc [NASDAQ:PSNL] saw its stock jump 8.13% to $4.92. Over the last five days, the stock has lost -1.60%. Personalis Inc shares have risen nearly 134.29% since the year began. Nevertheless, the stocks have risen 423.40% over the past one year. While a 52-week high of $7.20 was reached on 08/16/24, a 52-week low of $0.89 was recorded on 02/08/24. SMA at 50 days reached $5.12, while 200 days put it at $2.80.

Levels Of Support And Resistance For PSNL Stock

The 24-hour chart illustrates a support level at 4.63, which if violated will result in even more drops to 4.35. On the upside, there is a resistance level at 5.09. A further resistance level may holdings at 5.27. The Relative Strength Index (RSI) on the 14-day chart is 49.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 54.01%. Stochastics %K at 25.15% indicates the stock is a holding.

How much short interest is there in Personalis Inc?

A steep rise in short interest was recorded in Personalis Inc stocks on 2024-10-15, growing by 0.85 million shares to a total of 3.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 2.27 million shares. There was a rise of 27.37%, which implies that there is a positive sentiment for the stock.

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