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 $29.77 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 $27.8 million.
Analysts at Mizuho started covering the stock with ‘”an Outperform”‘ outlook in a report released in late April. As of November 20, 2024, Raymond James has initiated its “an Outperform” rating for TECX. Earlier on August 22, 2024, Wells Fargo initiated its rating. Their recommendation was “an Overweight” for TECX stock.
Analyzing TECX Stock Performance
On last trading session,, Tectonic Therapeutic Inc [NASDAQ: TECX] plunged -3.46% to $19.80. The stock’s lowest price that day was $19.39, but it reached a high of $20.505 in the same session. During the last five days, there has been a drop of approximately -15.74%. Over the course of the year, Tectonic Therapeutic Inc shares have dropped approximately -57.12%. 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.
Support And Resistance Levels for Tectonic Therapeutic Inc (TECX)
According to the 24-hour chart, there is a support level at 19.29, which, if violated, would cause prices to drop to 18.78. In the upper region, resistance lies at 20.41. The next price resistance is at 21.01. RSI (Relative Strength Index) is 40.51 on the 14-day chart, showing neutral technical sentiment.
Is Tectonic Therapeutic Inc subject to short interest?
Stocks of Tectonic Therapeutic Inc saw a sharp rise in short interest on 2025-05-30 jumping by 65902.0 shares to 1.27 million. Data from Yahoo Finance shows that the short interest on 2025-04-30 was 1.2 million shares. A jump of 5.2% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 7.49 of the overall float, the days-to-cover ratio (short ratio) jumped to 7.49.
