Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Tenable Holdings Inc shares valued at $40,330 were sold by Thurmond Mark C. on Nov 27 ’24. At $42.95 per share, Thurmond Mark C. sold 939 shares. The insider’s holdings dropped to 38,046 shares worth approximately $1.56 million following the completion of this transaction.
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Also, Thurmond Mark C. sold 3,423 shares, netting a total of over 145,727 in proceeds. Following the sale of shares at $42.57 each, the insider now holds 38,985 shares.
Before that, Thurmond Mark C. had added 939 shares to its account. In a trade valued at $40,330, the Officer bought Tenable Holdings Inc shares for $42.95 each.
As published in a research note from Morgan Stanley on December 02, 2024, Tenable Holdings Inc [TENB] has been rated down from an Overweight to an Equal-weight and the price target has been revised to $47. Analysts at Jefferies started covering the stock with ‘”a Hold”‘ outlook in a report released in mid October. As of August 01, 2024, DA Davidson has decreased its “Buy” rating to a “Neutral” for TENB. Earlier on July 15, 2024, Robert W. Baird initiated its rating. Their recommendation was “an Outperform” for TENB stock.
Analyzing TENB Stock Performance
During the last five days, there has been a drop of approximately -4.79%. Over the course of the year, Tenable Holdings Inc shares have dropped approximately -11.12%. Shares of the company reached a 52-week high of $53.50 on 02/07/24 and a 52-week low of $35.25 on 08/01/24. A 50-day SMA is recorded $41.70, while a 200-day SMA reached $42.90. Nevertheless, trading volume fell to 1.16 million shares from 1.43 million shares the previous day.
Support And Resistance Levels for Tenable Holdings Inc (TENB)
According to the 24-hour chart, there is a support level at 40.43, which, if violated, would cause prices to drop to 39.91. In the upper region, resistance lies at 41.23. The next price resistance is at 41.51. RSI (Relative Strength Index) is 44.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.41, which suggests the price will decrease in the coming days. Percent R is at 69.25%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
