The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Tectonic Therapeutic Inc shares valued at $875,945 were purchased by SPRINGER TIMOTHY A on Apr 11 ’25. At $16.31 per share, SPRINGER TIMOTHY A acquired 53,706 shares. The insider’s holdings grew to 1,503,358 shares worth approximately $25.59 million following the completion of this transaction.
Also, SPRINGER TIMOTHY A purchased 45,858 shares, netting a total of over 767,204 in proceeds. Following the buying of shares at $16.73 each, the insider now holds 1,449,652 shares.
Before that, SPRINGER TIMOTHY A had added 21,071 shares to its account. In a trade valued at $311,020, the Director bought Tectonic Therapeutic Inc shares for $14.76 each. Upon closing the transaction, the insider’s holdings increased to 21,071 shares, worth approximately $23.89 million.
As published in their initiating research note from Raymond James on November 20, 2024, Tectonic Therapeutic Inc [TECX] has been an Outperform and the price target has been revised to $65. Analysts at Wells Fargo started covering the stock with ‘”an Overweight”‘ outlook in a report released in late August. As of June 26, 2024, Piper Sandler has initiated its “an Overweight” rating for TECX. Earlier on June 24, 2024, TD Cowen initiated its rating. Their recommendation was “a Buy” for TECX stock.
Analyzing TECX Stock Performance
During the last five days, there has been a surge of approximately 2.04%. Over the course of the year, Tectonic Therapeutic Inc shares have dropped approximately -63.14%. Shares of the company reached a 52-week high of $61.07 on 01/31/25 and a 52-week low of $13.70 on 04/09/25. A 50-day SMA is recorded $23.63, while a 200-day SMA reached $30.17.
Support And Resistance Levels for Tectonic Therapeutic Inc (TECX)
According to the 24-hour chart, there is a support level at 16.62, which, if violated, would cause prices to drop to 16.22. In the upper region, resistance lies at 17.63. The next price resistance is at 18.24. RSI (Relative Strength Index) is 39.69 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.72, which suggests the price will decrease in the coming days. Percent R is at 32.79%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
