Tectonic Therapeutic Inc’s filing revealed that its Director SPRINGER TIMOTHY A acquired Company’s shares for reported $33.0 million on Feb 05 ’25. In the deal valued at $50.00 per share,660,000 shares were bought. As a result of this transaction, SPRINGER TIMOTHY A now holds 970,223 shares worth roughly $33.73 million.
Then, SPRINGER TIMOTHY A bought 129,294 shares, generating $6,999,977 in total proceeds. Upon buying the shares at $54.14, the Director now owns 4,226,058 shares.
Before that, Lochner Daniel bought 4,617 shares. Tectonic Therapeutic Inc shares valued at $249,964 were divested by the Chief Financial Officer at a price of $54.14 per share. As a result of the transaction, Lochner Daniel now holds 4,617 shares, worth roughly $0.16 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 -4.61% to $34.77. Over the last five days, the stock has lost -31.30%. Tectonic Therapeutic Inc shares have fallen nearly -24.69% since the year began. Nevertheless, the stocks have risen 119.51% 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 $45.25, while 200 days put it at $28.67.
Levels Of Support And Resistance For TECX Stock
The 24-hour chart illustrates a support level at 32.41, which if violated will result in even more drops to 30.06. On the upside, there is a resistance level at 38.85. A further resistance level may holdings at 42.94. The Relative Strength Index (RSI) on the 14-day chart is 42.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.46%. Stochastics %K at 49.46% 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 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.
