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. TELA Bio Inc shares valued at $14,688 were purchased by Firestone Gregory A. on Dec 05 ’23. At $5.65 per share, Firestone Gregory A. acquired 2,600 shares. The insider’s holdings grew to 35,511 shares worth approximately $0.16 million following the completion of this transaction.
Also, KOBLISH ANTONY purchased 11,000 shares, netting a total of over 49,976 in proceeds. Following the buying of shares at $4.54 each, the insider now holds 303,634 shares.
Before that, Cuca Roberto had added 10,000 shares to its account. In a trade valued at $44,938, the COO and CFO bought TELA Bio Inc shares for $4.49 each. Upon closing the transaction, the insider’s holdings increased to 10,000 shares, worth approximately $0.29 million.
As published in their initiating research note from Lake Street on May 31, 2022, TELA Bio Inc [TELA] has been a Buy and the price target has been revised to $17. Analysts at Piper Jaffray started covering the stock with ‘”an Overweight”‘ outlook in a report released in early December. As of December 03, 2019, JMP Securities has initiated its “Mkt outperform” rating for TELA. Earlier on December 03, 2019, Jefferies initiated its rating. Their recommendation was “a Buy” for TELA stock.
Analyzing TELA Stock Performance
During the last five days, there has been a surge of approximately 4.04%. Over the course of the year, TELA Bio Inc shares have dropped approximately -30.06%. Shares of the company reached a 52-week high of $7.84 on 01/26/24 and a 52-week low of $4.30 on 04/25/24. A 50-day SMA is recorded $5.52, while a 200-day SMA reached $6.82. Nevertheless, trading volume fell to 0.6 million shares from 0.12 million shares the previous day.
Support And Resistance Levels for TELA Bio Inc (TELA)
According to the 24-hour chart, there is a support level at 4.51, which, if violated, would cause prices to drop to 4.38. In the upper region, resistance lies at 4.75. The next price resistance is at 4.86. RSI (Relative Strength Index) is 39.66 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.14, which suggests the price will decrease in the coming days. Percent R is at 62.92%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
