Glaukos Corporation’s recent filing unveils that its SVP & CHIEF FINANCIAL OFFICER Thurman Alex R. unloaded Company’s shares for reported $41371.0 on Apr 04 ’24. In the deal valued at $95.33 per share,434 shares were sold. As a result of this transaction, Thurman Alex R. now holds 54,166 shares worth roughly $5.24 million.
Then, Gilliam Joseph E sold 200 shares, generating $19,314 in total proceeds. Upon selling the shares at $96.57, the PRESIDENT & COO now owns 101,845 shares.
Before that, Thurman Alex R. sold 316 shares. Glaukos Corporation shares valued at $29,900 were divested by the SVP & CHIEF FINANCIAL OFFICER at a price of $94.62 per share. As a result of the transaction, Thurman Alex R. now holds 54,600 shares, worth roughly $5.28 million.
JP Morgan upgraded its Glaukos Corporation [GKOS] rating to an Overweight from a a Neutral in a research note published on December 21, 2023; the price target was increased to $91 from $66. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in early December with a ‘”an Equal-weight”‘ rating. Truist began covering GKOS with “Buy” recommendation on November 28, 2023. Wells Fargo revised its rating on November 08, 2023. It rated GKOS as “an Overweight” which previously was an “an Equal weight”.
Price Performance Review of GKOS
On Friday, Glaukos Corporation [NYSE:GKOS] saw its stock jump 2.82% to $96.77. Over the last five days, the stock has gained 2.63%. Glaukos Corporation shares have risen nearly 21.74% since the year began. Nevertheless, the stocks have risen 94.12% over the past one year. While a 52-week high of $97.75 was reached on 04/05/24, a 52-week low of $45.38 was recorded on 01/03/24. SMA at 50 days reached $90.75, while 200 days put it at $77.34. A total of 0.55 million shares were traded, compared to the trading of 0.91 million shares in the previous session.
Levels Of Support And Resistance For GKOS Stock
The 24-hour chart illustrates a support level at 94.04, which if violated will result in even more drops to 91.32. On the upside, there is a resistance level at 98.63. A further resistance level may holdings at 100.50. The Relative Strength Index (RSI) on the 14-day chart is 64.92, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.41, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.86%. Stochastics %K at 80.14% indicates the stock is a selling.
How much short interest is there in Glaukos Corporation?
A steep rise in short interest was recorded in Glaukos Corporation stocks on Mar 15, 2024, growing by 30000.0 shares to a total of 3.66 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 3.63 million shares. There was a rise of 0.82%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 10.57% of the overall stock float, the days-to-cover ratio (short ratio) rose to 6.52.
