Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Teladoc Health Inc shares valued at $13,210 were sold by Trencher Daniel on Apr 17 ’24. At $13.21 per share, Trencher Daniel sold 1,000 shares. The insider’s holdings dropped to 26,192 shares worth approximately $0.34 million following the completion of this transaction.
Also, Nanis Nikolaos P. sold 461 shares, netting a total of over 6,599 in proceeds. Following the sale of shares at $14.31 each, the insider now holds 70,621 shares.
Before that, Geshuri Arnnon had sold 7,500 shares from its account. In a trade valued at $112,950, the CHIEF PEOPLE OFFICER traded Teladoc Health Inc shares for $15.06 each. Upon closing the transaction, the insider’s holdings decreased to 7,500 shares, worth approximately $0.51 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 drop of approximately -9.38%. Over the course of the year, Teladoc Health Inc shares have dropped approximately -39.03%. Shares of the company reached a 52-week high of $22.54 on 01/02/24 and a 52-week low of $13.03 on 04/16/24. A 50-day SMA is recorded $15.97, while a 200-day SMA reached $19.63. Nevertheless, trading volume fell to 3.93 million shares from 6.42 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 12.99, which, if violated, would cause prices to drop to 12.85. In the upper region, resistance lies at 13.39. The next price resistance is at 13.65. RSI (Relative Strength Index) is 29.46 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.03, which suggests the price will decrease in the coming days. Percent R is at 95.43%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
