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Tenaya Therapeutics Inc [TNYA] Investment Appeal on the Rise

Tenaya Therapeutics Inc’s recently made public that its SVP, Accounting and Fin. Ops. Saito Chihiro unloaded Company’s shares for reported $4787.0 on Nov 18 ’24. In the deal valued at $2.12 per share,2,258 shares were sold. As a result of this transaction, Saito Chihiro now holds 60,983 shares worth roughly $0.22 million.

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Then, Saito Chihiro sold 2,363 shares, generating $6,840 in total proceeds. Upon selling the shares at $2.89, the SVP, Accounting and Fin. Ops. now owns 63,241 shares.

Before that, Tingley Whittemore sold 7,428 shares. Tenaya Therapeutics Inc shares valued at $21,500 were divested by the Chief Medical Officer at a price of $2.89 per share. As a result of the transaction, Tingley Whittemore now holds 107,106 shares, worth roughly $0.38 million.

William Blair initiated its Tenaya Therapeutics Inc [TNYA] rating to an Outperform in a research note published recently. A number of analysts have revised their coverage, including Leerink Partners’s analysts, who began to cover the stock in late November with a ‘”an Outperform”‘ rating. H.C. Wainwright began covering TNYA with “Buy” recommendation on June 15, 2022.

Price Performance Review of TNYA

On Friday, Tenaya Therapeutics Inc [NASDAQ:TNYA] saw its stock jump 8.51% to $3.57. Over the last five days, the stock has gained 65.28%. Tenaya Therapeutics Inc shares have risen nearly 10.19% since the year began. Nevertheless, the stocks have risen 91.94% over the past one year. While a 52-week high of $7.01 was reached on 03/05/24, a 52-week low of $1.61 was recorded on 10/10/24. SMA at 50 days reached $2.11, while 200 days put it at $3.49.

Levels Of Support And Resistance For TNYA Stock

The 24-hour chart illustrates a support level at 3.26, which if violated will result in even more drops to 2.95. On the upside, there is a resistance level at 3.78. A further resistance level may holdings at 3.98. The Relative Strength Index (RSI) on the 14-day chart is 74.25, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.88, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 7.26%. Stochastics %K at 82.31% indicates the stock is a selling.

How much short interest is there in Tenaya Therapeutics Inc?

A steep rise in short interest was recorded in Tenaya Therapeutics Inc stocks on 2024-11-15, growing by 8.25 million shares to a total of 13.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 4.88 million shares. There was a rise of 62.84%, which implies that there is a positive sentiment for the stock.

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