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Glaukos Corporation [GKOS] Records 50-Day SMA of $109.92

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 $283,751 were sold by Gilliam Joseph E on Jun 03 ’24. At $113.50 per share, Gilliam Joseph E sold 2,500 shares. The insider’s holdings dropped to 101,845 shares worth approximately $12.32 million following the completion of this transaction.

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Also, Kliman Gilbert H sold 5,000 shares, netting a total of over 560,000 in proceeds. Following the sale of shares at $112.00 each, the insider now holds 30,620 shares.

Before that, Stapley Marc had sold 6,250 shares from its account. In a trade valued at $704,993, the Director traded Glaukos Corporation shares for $112.80 each. Upon closing the transaction, the insider’s holdings decreased to 6,250 shares, worth approximately $3.92 million.

As published in a research note from Jefferies on May 06, 2024, Glaukos Corporation [GKOS] has been rated up from a Hold to a Buy and the price target has been revised to $125 from $84. Analysts at JP Morgan upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in late December. As of December 04, 2023, Morgan Stanley has initiated its “an Equal-weight” rating for GKOS. Earlier on November 28, 2023, Truist initiated its rating. Their recommendation was “a Buy” for GKOS stock.

Analyzing GKOS Stock Performance

During the last five days, there has been a surge of approximately 3.72%. Over the course of the year, Glaukos Corporation shares have jumped approximately 52.22%. Shares of the company reached a 52-week high of $121.04 on 07/02/24 and a 52-week low of $74.75 on 01/03/24. A 50-day SMA is recorded $109.92, while a 200-day SMA reached $87.75. Nevertheless, trading volume fell to 0.27 million shares from 0.62 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 117.74, which, if violated, would cause prices to drop to 116.18. In the upper region, resistance lies at 120.26. The next price resistance is at 121.22. RSI (Relative Strength Index) is 71.56 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.64, which suggests the price will increase in the coming days. Percent R is at 13.89%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.

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