Tempus AI Inc’s filing revealed that its EVP and General Counsel Polovin Andrew unloaded Company’s shares for reported $2.18 million on Dec 11 ’24. In the deal valued at $42.39 per share,51,504 shares were sold. As a result of this transaction, Polovin Andrew now holds 246,085 shares worth roughly $9.59 million.
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Then, Epstein David R sold 620 shares, generating $25,922 in total proceeds. Upon selling the shares at $41.81, the Director now owns 27,894 shares.
Before that, Doudna Jennifer A sold 1,183 shares. Tempus AI Inc shares valued at $49,461 were divested by the Director at a price of $41.81 per share. As a result of the transaction, Doudna Jennifer A now holds 37,331 shares, worth roughly $1.45 million.
Wolfe Research initiated its Tempus AI Inc [TEM] rating to an Outperform in a research note published on December 13, 2024; the price target was $60. A number of analysts have revised their coverage, including Guggenheim’s analysts, who began to cover the stock in early December with a ‘”a Buy”‘ rating. Stifel also remained covering TEM and has decreased its forecast on November 11, 2024 with a “Hold” recommendation from previously “Buy” rating. BofA Securities revised its rating on October 02, 2024. It rated TEM as “a Neutral” which previously was an “a Buy”.
Price Performance Review of TEM
On Tuesday, Tempus AI Inc [NASDAQ:TEM] saw its stock fall -2.33% to $38.95. Over the last five days, the stock has lost -13.44%. Tempus AI Inc shares have fallen nearly -3.23% since the year began.
Levels Of Support And Resistance For TEM Stock
The 24-hour chart illustrates a support level at 38.12, which if violated will result in even more drops to 37.29. On the upside, there is a resistance level at 40.34. A further resistance level may holdings at 41.73. The Relative Strength Index (RSI) on the 14-day chart is 34.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -10.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.11%. Stochastics %K at 2.32% indicates the stock is a buying.
How much short interest is there in Tempus AI Inc?
A steep rise in short interest was recorded in Tempus AI Inc stocks on 2024-11-29, growing by 1.63 million shares to a total of 5.11 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 3.47 million shares. There was a rise of 31.96%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on August 12, 2024 when Piper Sandler began covering the stock and recommended ‘”a Neutral”‘ rating along with a $40 price target.
