The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Teladoc Health Inc shares valued at $6,599 were sold by Nanis Nikolaos P. on Apr 02 ’24. At $14.31 per share, Nanis Nikolaos P. sold 461 shares. The insider’s holdings dropped to 70,621 shares worth approximately $1.02 million following the completion of this transaction.
Also, Geshuri Arnnon sold 7,500 shares, netting a total of over 112,950 in proceeds. Following the sale of shares at $15.06 each, the insider now holds 38,470 shares.
Before that, Trencher Daniel had sold 1,000 shares from its account. In a trade valued at $15,180, the CHIEF STRATEGY OFFICER traded Teladoc Health Inc shares for $15.18 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $0.39 million.
As published in their initiating research note from Cantor Fitzgerald on February 29, 2024, Teladoc Health Inc [TDOC] has been an Overweight and the price target has been revised to $22. Analysts at Leerink Partners started covering the stock with ‘”a Market perform”‘ outlook in a report released in late February. As of January 17, 2024, DA Davidson has decreased its “Buy” rating to a “Neutral” for TDOC. Earlier on January 03, 2024, Barclays initiated its rating. Their recommendation was “an Overweight” for TDOC stock.
Analyzing TDOC Stock Performance
During the last five days, there has been a surge of approximately 0.62%. Over the course of the year, Teladoc Health Inc shares have dropped approximately -32.71%. Shares of the company reached a 52-week high of $22.54 on 01/02/24 and a 52-week low of $13.59 on 04/05/24. A 50-day SMA is recorded $16.55, while a 200-day SMA reached $19.90. Nevertheless, trading volume fell to 5.54 million shares from 3.35 million shares the previous day.
Support And Resistance Levels for Teladoc Health Inc (TDOC)
According to the 24-hour chart, there is a support level at 14.38, which, if violated, would cause prices to drop to 14.25. In the upper region, resistance lies at 14.66. The next price resistance is at 14.81. RSI (Relative Strength Index) is 40.22 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.08, which suggests the price will decrease in the coming days. Percent R is at 56.46%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Teladoc Health Inc subject to short interest?
Stocks of Teladoc Health Inc saw a sharp steep in short interest on Mar 15, 2024 dropping by -0.23 million shares to 20.28 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 20.51 million shares. A decline of -1.13% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.87 of the overall float, the days-to-cover ratio (short ratio) decline to 2.87.
