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Taking a look at what insiders are doing to gauge the Teladoc Health Inc (TDOC)’s direction

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 $81,773 were purchased by Trencher Daniel on Sep 16 ’24. At $8.21 per share, Trencher Daniel acquired 9,960 shares.

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Also, MCKINLEY THOMAS purchased 4,000 shares, netting a total of over 30,756 in proceeds. Following the buying of shares at $7.69 each, the insider now holds 39,077 shares.

Before that, Turitz Andrew had sold 20,773 shares from its account. In a trade valued at $150,812, the EVP, CORPORATE DEVELOPMENT traded Teladoc Health Inc shares for $7.26 each. Upon closing the transaction, the insider’s holdings decreased to 20,773 shares, worth approximately $0.19 million.

As published in a research note from Jefferies on September 17, 2024, Teladoc Health Inc [TDOC] has been retained to a Hold and the price target has been revised to $10. Analysts at Cantor Fitzgerald started covering the stock with ‘”an Overweight”‘ outlook in a report released in late February. As of February 26, 2024, Leerink Partners has initiated its “Market perform” rating for TDOC. Earlier on January 17, 2024, DA Davidson downgraded its rating. Their new recommendation was “a Neutral” for TDOC stock which previously was a “a Buy”.

Analyzing TDOC Stock Performance

During the last five days, there has been a surge of approximately 20.47%. Over the course of the year, Teladoc Health Inc shares have dropped approximately -57.40%. Shares of the company reached a 52-week high of $22.54 on 01/02/24 and a 52-week low of $6.76 on 08/28/24. A 50-day SMA is recorded $8.09, while a 200-day SMA reached $13.66. Nevertheless, trading volume fell to 5.02 million shares from 9.58 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 9.01, which, if violated, would cause prices to drop to 8.84. In the upper region, resistance lies at 9.48. The next price resistance is at 9.77. RSI (Relative Strength Index) is 71.11 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.26, which suggests the price will increase in the coming days. Percent R is at 16.35%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

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