Tempus AI, Inc. Class A ( (TEM) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Tempus AI, Inc. Class A shares have experienced a notable decline as ARK Invest has been selling off its holdings, driven by concerns over potential downside risks. Analysts have set a 17% lower price target, reflecting caution due to the stock’s high valuation. Despite maintaining a Moderate Buy consensus rating, ARK Invest’s strategic shift towards biotech companies has led to a reallocation of resources, affecting Tempus AI’s stock position in their portfolio.
More about Tempus AI, Inc. Class A
YTD Price Performance: 157.64%
Average Trading Volume: 9,985,227
Technical Sentiment Signal: Strong Buy
Current Market Cap: $15.33B
For further insights into TEM stock on TipRanks’ Stock Analysis page.
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