The Potential Rise in the Price of Teladoc Health Inc. (TDOC) following insiders activity


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.


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