Tectonic Therapeutic Inc’s recent filing unveils that 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 $207.34 million.
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 $226.3 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 Monday, Tectonic Therapeutic Inc [NASDAQ:TECX] saw its stock fall -6.52% to $50.61. Over the last five days, the stock has gained 22.90%. Tectonic Therapeutic Inc shares have risen nearly 9.62% since the year began. Nevertheless, the stocks have risen 234.72% over the past one year. While a 52-week high of $61.07 was reached on 01/31/25, a 52-week low of $13.80 was recorded on 01/28/25. SMA at 50 days reached $45.59, while 200 days put it at $27.99.
Levels Of Support And Resistance For TECX Stock
The 24-hour chart illustrates a support level at 48.41, which if violated will result in even more drops to 46.22. On the upside, there is a resistance level at 54.40. A further resistance level may holdings at 58.20. The Relative Strength Index (RSI) on the 14-day chart is 56.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 11.39, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 22.85%. Stochastics %K at 84.43% indicates the stock is a selling.
How much short interest is there in Tectonic Therapeutic Inc?
A steep rise in short interest was recorded in Tectonic Therapeutic Inc stocks on 2025-01-15, growing by 58876.0 shares to a total of 0.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 0.51 million shares. There was a rise of 10.32%, which implies that there is a positive sentiment for the stock.
