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. Teladoc Health Inc shares valued at $12,830 were sold by Trencher Daniel on May 17 ’24. At $12.83 per share, Trencher Daniel sold 1,000 shares. The insider’s holdings dropped to 25,192 shares worth approximately $0.3 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Kornwasser Laizer sold 10,411 shares, netting a total of over 132,095 in proceeds. Following the sale of shares at $12.69 each, the insider now holds 86,070 shares.
Before that, Waters Michael Willem had sold 5,793 shares from its account. In a trade valued at $73,502, the CHIEF OPERATING OFFICER traded Teladoc Health Inc shares for $12.69 each. Upon closing the transaction, the insider’s holdings decreased to 5,793 shares, worth approximately $0.77 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 -6.95%. Over the course of the year, Teladoc Health Inc shares have dropped approximately -44.69%. Shares of the company reached a 52-week high of $22.54 on 01/02/24 and a 52-week low of $11.67 on 05/22/24. A 50-day SMA is recorded $13.73, while a 200-day SMA reached $18.05. Nevertheless, trading volume fell to 3.3 million shares from 4.69 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 11.72, which, if violated, would cause prices to drop to 11.51. In the upper region, resistance lies at 12.08. The next price resistance is at 12.24. RSI (Relative Strength Index) is 35.24 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.45, which suggests the price will decrease in the coming days. Percent R is at 86.14%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
