Stock Track | Tempus AI Surges 16.44% in Pre-Market on AI Health App Launch and Pelosi's Bullish Options Trade

Stock Track01-22 17:02

Shares of Tempus AI (TEM), a leading healthcare technology company specializing in AI-enabled precision medicine solutions, soared 16.44% in pre-market trading on Wednesday. The strong upward movement was fueled by two key developments.

Firstly, Tempus AI announced the national launch of "olivia," an AI-powered personal health concierge app designed to empower patients by centralizing their health data and providing actionable insights through artificial intelligence. The app allows patients to access over 1,000 health systems, sync data from health devices, and manually upload health records. It then organizes the data and leverages AI to provide personalized insights, such as summarizing health status or highlighting relevant clinical trials.

Secondly, reports emerged that former Speaker of the House Nancy Pelosi executed bullish options trades on Tempus AI shares. According to financial disclosures, Pelosi purchased 50 call options on Tempus AI on January 14th, with a strike price of $20 and an expiration date of January 16, 2026. The total value of this trade was estimated between $50,000 and $100,000. Pelosi's trades often attract considerable attention from investors, given her position and potential access to non-public information. In this case, the market appears to have interpreted her purchase of Tempus AI call options as a strong vote of confidence in the company's prospects.

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