Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Teladoc Health Inc shares valued at $28,312 were purchased by Smith Mark Douglas on Aug 15 ’24. At $7.08 per share, Smith Mark Douglas acquired 4,000 shares. The insider’s holdings grew to 8,355 shares worth approximately $59404.05 following the completion of this transaction.
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Also, Nanis Nikolaos P. sold 206 shares, netting a total of over 1,470 in proceeds. Following the sale of shares at $7.13 each, the insider now holds 73,588 shares.
Before that, Nanis Nikolaos P. had added 206 shares to its account. In a trade valued at $1,470, the Officer bought Teladoc Health Inc shares for $7.14 each.
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 surge of approximately 0.71%. Over the course of the year, Teladoc Health Inc shares have dropped approximately -67.01%. Shares of the company reached a 52-week high of $22.54 on 01/02/24 and a 52-week low of $6.77 on 08/14/24. A 50-day SMA is recorded $8.86, while a 200-day SMA reached $14.56. Nevertheless, trading volume fell to 4.63 million shares from 3.32 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 6.96, which, if violated, would cause prices to drop to 6.81. In the upper region, resistance lies at 7.38. The next price resistance is at 7.66. RSI (Relative Strength Index) is 33.81 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.07, which suggests the price will decrease in the coming days. Percent R is at 67.31%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
