Glaukos Corporation’s recent filing unveils that its Director Stapley Marc unloaded Company’s shares for reported $0.79 million on Aug 15 ’24. In the deal valued at $125.93 per share,6,250 shares were sold. As a result of this transaction, Stapley Marc now holds 34,076 shares worth roughly $4.25 million.
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Then, Stapley Marc bought 6,250 shares, generating $787,074 in total proceeds.
Before that, WEISNER AIMEE S sold 25,000 shares. Glaukos Corporation shares valued at $3,000,000 were divested by the Director at a price of $120.00 per share. As a result of the transaction, WEISNER AIMEE S now holds 30,119 shares, worth roughly $3.76 million.
Citigroup downgraded its Glaukos Corporation [GKOS] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in early May from “a Hold” to “a Buy”. JP Morgan also remained covering GKOS and has increased its forecast on December 21, 2023 with a “an Overweight” recommendation from previously “Neutral” rating. Morgan Stanley started covering the stock on December 04, 2023. It rated GKOS as “an Equal-weight”.
Price Performance Review of GKOS
On Tuesday, Glaukos Corporation [NYSE:GKOS] saw its stock fall -1.43% to $124.69. Over the last five days, the stock has gained 2.73%. Glaukos Corporation shares have risen nearly 56.86% since the year began. Nevertheless, the stocks have risen 73.66% over the past one year. While a 52-week high of $128.51 was reached on 08/19/24, a 52-week low of $59.22 was recorded on 01/03/24. SMA at 50 days reached $118.90, while 200 days put it at $96.04.
Levels Of Support And Resistance For GKOS Stock
The 24-hour chart illustrates a support level at 123.24, which if violated will result in even more drops to 121.78. On the upside, there is a resistance level at 126.91. A further resistance level may holdings at 129.12. The Relative Strength Index (RSI) on the 14-day chart is 58.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.46, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.94%. Stochastics%K at 89.33% indicates the stock is a selling.
How much short interest is there in Glaukos Corporation?
A steep rise in short interest was recorded in Glaukos Corporation stocks on 2024-07-31, growing by 20288.0 shares to a total of 2.59 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 2.57 million shares. There was a rise of 0.78%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on November 28, 2023 when Truist began covering the stock and recommended ‘”a Buy”‘ rating along with a $88 price target.
