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. Glaukos Corporation shares valued at $6,008,359 were sold by Gilliam Joseph E on Apr 08 ’24. At $100.47 per share, Gilliam Joseph E sold 59,801 shares. The insider’s holdings dropped to 101,845 shares worth approximately $10.28 million following the completion of this transaction.
Also, Thurman Alex R. sold 1,372 shares, netting a total of over 137,944 in proceeds. Following the sale of shares at $100.54 each, the insider now holds 52,532 shares.
Before that, Gilliam Joseph E had sold 2,457 shares from its account. In a trade valued at $237,862, the PRESIDENT & COO traded Glaukos Corporation shares for $96.81 each. Upon closing the transaction, the insider’s holdings decreased to 2,457 shares, worth approximately $10.28 million.
As published in a research note from JP Morgan on December 21, 2023, Glaukos Corporation [GKOS] has been rated up from a Neutral to an Overweight and the price target has been revised to $91 from $66. Analysts at Morgan Stanley started covering the stock with ‘”an Equal-weight”‘ outlook in a report released in early December. As of November 28, 2023, Truist has initiated its “Buy” rating for GKOS. Earlier on November 08, 2023, Wells Fargo upgraded its rating. Their new recommendation was “an Overweight” for GKOS stock which previously was a “an Equal weight”.
Analyzing GKOS Stock Performance
During the last five days, there has been a surge of approximately 4.17%. Over the course of the year, Glaukos Corporation shares have jumped approximately 26.97%. Shares of the company reached a 52-week high of $103.66 on 04/24/24 and a 52-week low of $74.75 on 01/03/24. A 50-day SMA is recorded $92.23, while a 200-day SMA reached $79.26. Nevertheless, trading volume fell to 0.52 million shares from 0.35 million shares the previous day.
Support And Resistance Levels for Glaukos Corporation (GKOS)
According to the 24-hour chart, there is a support level at 99.90, which, if violated, would cause prices to drop to 98.87. In the upper region, resistance lies at 102.81. The next price resistance is at 104.69. RSI (Relative Strength Index) is 64.79 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.81, which suggests the price will increase in the coming days. Percent R is at 26.05%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
