Glaukos Corporation’s recent filing unveils that its PRESIDENT & COO Gilliam Joseph E unloaded Company’s shares for reported $0.22 million on May 02 ’24. In the deal valued at $105.52 per share,2,059 shares were sold. As a result of this transaction, Gilliam Joseph E now holds 101,845 shares worth roughly $10.69 million.
Then, Thurman Alex R. sold 442 shares, generating $46,713 in total proceeds. Upon selling the shares at $105.69, the SVP & CHIEF FINANCIAL OFFICER now owns 52,090 shares.
Before that, Gilliam Joseph E sold 59,801 shares. Glaukos Corporation shares valued at $6,008,359 were divested by the PRESIDENT & COO at a price of $100.47 per share. As a result of the transaction, Gilliam Joseph E now holds 101,845 shares, worth roughly $10.69 million.
Jefferies upgraded its Glaukos Corporation [GKOS] rating to a Buy from a a Hold in a research note published on May 06, 2024; the price target was increased to $125 from $84. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in late December from “a Neutral” to “an Overweight”. Morgan Stanley began covering GKOS with “an Equal-weight” recommendation on December 04, 2023. Truist started covering the stock on November 28, 2023. It rated GKOS as “a Buy”.
Price Performance Review of GKOS
On Monday, Glaukos Corporation [NYSE:GKOS] saw its stock fall -1.41% to $105.01. Over the last five days, the stock has gained 8.03%. Glaukos Corporation shares have risen nearly 32.10% since the year began. Nevertheless, the stocks have risen 107.65% over the past one year. While a 52-week high of $108.22 was reached on 05/06/24, a 52-week low of $49.19 was recorded on 01/03/24. SMA at 50 days reached $93.54, while 200 days put it at $80.28. A total of 0.54 million shares were traded, compared to the trading of 0.85 million shares in the previous session.
Levels Of Support And Resistance For GKOS Stock
The 24-hour chart illustrates a support level at 102.87, which if violated will result in even more drops to 100.73. On the upside, there is a resistance level at 108.94. A further resistance level may holdings at 112.87. The Relative Strength Index (RSI) on the 14-day chart is 64.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.68, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 34.48%. Stochastics %K at 76.91% indicates the stock is a holding.
