Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Tempus AI Inc shares valued at $7,045,334 were sold by LEFKOFSKY ERIC P on Dec 18 ’24. At $37.54 per share, LEFKOFSKY ERIC P sold 187,655 shares. The insider’s holdings dropped to 9,557,283 shares worth approximately $332.5 million following the completion of this transaction.
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Also, Rogers James William sold 1,468 shares, netting a total of over 59,058 in proceeds. Following the sale of shares at $40.23 each, the insider now holds 229,812 shares.
Before that, Polovin Andrew had sold 1,130 shares from its account. In a trade valued at $45,460, the EVP and General Counsel traded Tempus AI Inc shares for $40.23 each. Upon closing the transaction, the insider’s holdings decreased to 1,130 shares, worth approximately $8.52 million.
As published in their initiating research note from Wolfe Research on December 13, 2024, Tempus AI Inc [TEM] has been an Outperform and the price target has been revised to $60. Analysts at Guggenheim started covering the stock with ‘”a Buy”‘ outlook in a report released in early December. As of November 11, 2024, Stifel has decreased its “Buy” rating to a “Hold” for TEM. Earlier on October 02, 2024, BofA Securities downgraded its rating. Their new recommendation was “a Neutral” for TEM stock which previously was a “a Buy”.
Analyzing TEM Stock Performance
During the last five days, there has been a drop of approximately -10.68%. Over the course of the year, Tempus AI Inc shares have dropped approximately -13.57%. Nevertheless, trading volume fell to 1.17 million shares from 3.42 million shares the previous day.
Support And Resistance Levels for Tempus AI Inc (TEM)
According to the 24-hour chart, there is a support level at 34.09, which, if violated, would cause prices to drop to 33.40. In the upper region, resistance lies at 35.44. The next price resistance is at 36.10. RSI (Relative Strength Index) is 33.42 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.82, which suggests the price will decrease in the coming days. Percent R is at 90.78%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
