In a filing, Tectonic Therapeutic Inc revealed its Director SPRINGER TIMOTHY A acquired Company’s shares for reported $10.08 million on Oct 22 ’24. In the deal valued at $33.59 per share,300,000 shares were bought. As a result of this transaction, SPRINGER TIMOTHY A now holds 4,096,764 shares worth roughly $207.13 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, SPRINGER TIMOTHY A bought 50,000 shares, generating $1,440,829 in total proceeds. Upon buying the shares at $28.82, the Director now owns 3,796,764 shares.
Before that, Leonard Braden Michael bought 469,753 shares. Tectonic Therapeutic Inc shares valued at $585,546 were divested by the 10% Owner at a price of $1.25 per share. As a result of the transaction, Leonard Braden Michael now holds 4,471,380 shares, worth roughly $226.07 million.
Raymond James initiated its Tectonic Therapeutic Inc [TECX] rating to an Outperform in a research note published on November 20, 2024; the price target was $65. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in late August with a ‘”an Overweight”‘ rating. Piper Sandler began covering TECX with “an Overweight” recommendation on June 26, 2024. TD Cowen started covering the stock on June 24, 2024. It rated TECX as “a Buy”.
Price Performance Review of TECX
On Tuesday, Tectonic Therapeutic Inc [NASDAQ:TECX] saw its stock jump 6.31% to $50.56. Over the last five days, the stock has gained 6.37%. Tectonic Therapeutic Inc shares have risen nearly 209.80% since the year began. Nevertheless, the stocks have risen 212.10% over the past one year. While a 52-week high of $53.34 was reached on 12/24/24, a 52-week low of $12.12 was recorded on 01/30/24. SMA at 50 days reached $44.06, while 200 days put it at $24.46.
Levels Of Support And Resistance For TECX Stock
The 24-hour chart illustrates a support level at 47.92, which if violated will result in even more drops to 45.27. On the upside, there is a resistance level at 53.31. A further resistance level may holdings at 56.05. The Relative Strength Index (RSI) on the 14-day chart is 60.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.94, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 26.89%. Stochastics %K at 54.06% indicates the stock is a holding.
How much short interest is there in Tectonic Therapeutic Inc?
A steep rise in short interest was recorded in Tectonic Therapeutic Inc stocks on 2024-11-29, growing by 84178.0 shares to a total of 0.44 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 0.36 million shares. There was a rise of 19.16%, which implies that there is a positive sentiment for the stock.
