Teladoc Health Inc’s recently made public that its EVP, CORPORATE DEVELOPMENT Turitz Andrew unloaded Company’s shares for reported $0.15 million on Sep 04 ’24. In the deal valued at $7.26 per share,20,773 shares were sold. As a result of this transaction, Turitz Andrew now holds 20,773 shares worth roughly $ 0.15 million.
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Then, Raman-Tangella Vidya sold 468 shares, generating $3,398 in total proceeds. Upon selling the shares at $7.26, the CHIEF MEDICAL OFFICER now owns 33,665 shares.
Before that, Geshuri Arnnon sold 1,795 shares. Teladoc Health Inc shares valued at $12,859 were divested by the CHIEF PEOPLE OFFICER at a price of $7.16 per share. As a result of the transaction, Geshuri Arnnon now holds 44,914 shares, worth roughly $0.32 million.
Cantor Fitzgerald initiated its Teladoc Health Inc [TDOC] rating to an Overweight in a research note published on February 29, 2024; the price target was $22. A number of analysts have revised their coverage, including Leerink Partners’s analysts, who began to cover the stock in late February with a ‘”a Market perform”‘ rating. DA Davidson also remained covering TDOC and has decreased its forecast on January 17, 2024 with a “Neutral” recommendation from previously “Buy” rating. Barclays started covering the stock on January 03, 2024. It rated TDOC as “an Overweight”.
Price Performance Review of TDOC
On Monday, Teladoc Health Inc [NYSE:TDOC] saw its stock fall -4.26% to $7.19. Over the last five days, the stock has gained 0.28%. Teladoc Health Inc shares have fallen nearly -66.64% since the year began. Nevertheless, the stocks have fallen -68.16% over the past one year. While a 52-week high of $22.98 was reached on 01/02/24, a 52-week low of $6.76 was recorded on 08/28/24. SMA at 50 days reached $8.26, while 200 days put it at $14.04.
Levels Of Support And Resistance For TDOC Stock
The 24-hour chart illustrates a support level at 7.01, which if violated will result in even more drops to 6.83. On the upside, there is a resistance level at 7.48. A further resistance level may holdings at 7.77. The Relative Strength Index (RSI) on the 14-day chart is 42.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 67.51%. Stochastics %K at 58.34% indicates the stock is a holding.
How much short interest is there in Teladoc Health Inc?
A steep rise in short interest was recorded in Teladoc Health Inc stocks on 2024-08-15, dropping by -5.67 million shares to a total of 29.21 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 34.88 million shares. There was a decline of -19.4%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 12, 2023 when Stephens began covering the stock and recommended ‘”an Equal-weight”‘ rating along with a $25 price target.
