Teladoc Health Inc.’s recently made public that its CHIEF PEOPLE OFFICER Geshuri Arnnon unloaded Company’s shares for reported $7496.0 on Aug 28. In the deal valued at $22.31 per share,336 shares were sold. As a result of this transaction, Geshuri Arnnon now holds 75,630 shares worth roughly $ 1.73 million.
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Then, Trencher Daniel sold 1,000 shares, generating $22,810 in total proceeds. Upon selling the shares at $22.81, the CHIEF STRATEGY OFFICER now owns 21,283 shares.
Before that, Waters Michael Willem sold 19,340 shares. Teladoc Health Inc. shares valued at $522,741 were divested by the CHIEF OPERATING OFFICER at a price of $27.03 per share. As a result of the transaction, Waters Michael Willem now holds 25,937 shares, worth roughly $0.59 million.
Stephens initiated its Teladoc Health Inc. [TDOC] rating to an Equal-weight in a research note published on Friday, April 12, 2023; the price target was $25. PT values the company’s stock at a premium of 8.52 to its Friday closing price.
Price Performance Review of TDOC
On Friday, Teladoc Health Inc. [NYSE:TDOC] saw its stock jump 1.02% to $22.87. On the same session, the stock had its day’s lowest price of $22.74, but rose to a high of $23.195. Over the last five days, the stock has gained 3.77%. Teladoc Health Inc. shares have fallen nearly -3.30% since the year began. Nevertheless, the stocks have fallen -26.37% over the past one year. While a 52-week high of $34.73 was reached on 02/02/23, a 52-week low of $21.21 was recorded on 08/25/23. SMA at 50 days reached $24.47, while 200 days put it at $25.81. A total of 2.44 million shares were traded, compared to the trading of 3.22 million shares in the previous session.
Levels Of Support And Resistance For TDOC Stock
The 24-hour chart illustrates a support level at 22.68, which if violated will result in even more drops to 22.48. On the upside, there is a resistance level at 23.13. A further resistance level may holdings at 23.39. The Relative Strength Index (RSI) on the 14-day chart is 43.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 34.30%. Stochastics %K at 53.21% indicates the stock is a holding.
How much short interest is there in Teladoc Health Inc.?
A steep rise in short interest was recorded in Teladoc Health Inc. stocks on Aug 14, 2023, growing by 1.45 million shares to a total of 27.76 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 26.31 million shares. There was a rise of 5.22%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 19.15% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.45.
Teladoc Health Inc. [TDOC] – Who Are The Largest Shareholders?
In filings from ARK Investment Management LLC, it is revealed that the company now owns 20,344,101 shares, or roughly 12.43% of the outstanding TDOC shares. In other words, the investor’s shares have fallen by -240,079 from its previous 13-F filing of 20584180.0. Additionally, The Vanguard Group, Inc. increased 8.02% of its stake after which the total value it holdings stand at $508,347,876. Over the last quarter, Nikko Asset Management Americas, sold -179,306 shares of Teladoc Health Inc., while BlackRock Fund Advisors sold -669,382 shares. At present, SSgA Funds Management, Inc. is holding 5,136,970 shares valued at $152.93 million. Renaissance Technologies LLC owned 4,407,819 shares of the company at the time of its most recent 13F filing, worth $131.22 million.
According to FactSet, Teladoc Health Inc.’s share price will average $29.63 in the next year, based on opinions of analysts polled by the firm. This is up nearly 28.09 percent from its previous closing price of $22.64. Analysts expect Teladoc Health Inc. stock to reach the higher price of $40.00, while the lowest price estimate is $25.00. However, 28 analysts have rated TDOC stock as a Hold in their predictions for 2023.