Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Taboola.com Ltd shares valued at $5,803 were sold by Golan Lior on Feb 28 ’24. At $4.93 per share, Golan Lior sold 1,177 shares. The insider’s holdings dropped to 2,545,291 shares worth approximately $11.56 million following the completion of this transaction.
Also, Golan Lior sold 3,609 shares, netting a total of over 17,504 in proceeds. Following the sale of shares at $4.85 each, the insider now holds 2,545,291 shares.
Before that, Golan Lior had sold 10,187 shares from its account. In a trade valued at $49,509, the Chief Technology Officer traded Taboola.com Ltd shares for $4.86 each. Upon closing the transaction, the insider’s holdings decreased to 10,187 shares, worth approximately $11.56 million.
Analysts at The Benchmark Company started covering the stock with ‘”a Buy”‘ outlook in a report released in late September. As of June 22, 2023, B. Riley Securities has initiated its “Buy” rating for TBLA. Earlier on August 01, 2022, KeyBanc Capital Markets downgraded its rating. Their new recommendation was “a Sector weight” for TBLA stock which previously was a “an Overweight”.
Analyzing TBLA Stock Performance
During the last five days, there has been a surge of approximately 6.07%. Over the course of the year, Taboola.com Ltd shares have jumped approximately 4.85%. Shares of the company reached a 52-week high of $5.00 on 02/01/24 and a 52-week low of $3.90 on 04/18/24. A 50-day SMA is recorded $4.29, while a 200-day SMA reached $4.00. Nevertheless, trading volume fell to 2.79 million shares from 0.9 million shares the previous day.
Support And Resistance Levels for Taboola.com Ltd (TBLA)
According to the 24-hour chart, there is a support level at 4.14, which, if violated, would cause prices to drop to 3.74. In the upper region, resistance lies at 4.75. The next price resistance is at 4.95. RSI (Relative Strength Index) is 66.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.26, which suggests the price will decrease in the coming days. Percent R is at 8.82%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
