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Examining the Potential Price Growth of Talkspace Inc (TALK)

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Talkspace Inc’s recently made public that its Chief Financial Officer Harris Ian Jiro acquired Company’s shares for reported $56925.0 on Sep 18 ’24. In the deal valued at $2.07 per share,27,500 shares were bought. As a result of this transaction, Harris Ian Jiro now holds 374,557 shares worth roughly $0.79 million.

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Then, Harris Ian Jiro bought 23,100 shares, generating $48,741 in total proceeds. Upon buying the shares at $2.11, the Chief Financial Officer now owns 397,657 shares.

Before that, Harris Ian Jiro bought 19,500 shares. Talkspace Inc shares valued at $42,900 were divested by the Chief Financial Officer at a price of $2.20 per share. As a result of the transaction, Harris Ian Jiro now holds 347,057 shares, worth roughly $0.73 million.

Needham initiated its Talkspace Inc [TALK] rating to a Hold in a research note published recently. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early January with a ‘”an Equal weight”‘ rating. Jefferies began covering TALK with “Hold” recommendation on December 02, 2021. SVB Leerink revised its rating on November 16, 2021. It rated TALK as “a Mkt perform” which previously was an “an Outperform”.

Price Performance Review of TALK

On Tuesday, Talkspace Inc [NASDAQ:TALK] saw its stock jump 0.96% to $2.11. Over the last five days, the stock has gained 1.44%. Talkspace Inc shares have fallen nearly -16.93% since the year began. Nevertheless, the stocks have risen 8.21% over the past one year. While a 52-week high of $3.92 was reached on 04/09/24, a 52-week low of $1.41 was recorded on 08/07/24. SMA at 50 days reached $1.89, while 200 days put it at $2.50.

Levels Of Support And Resistance For TALK Stock

The 24-hour chart illustrates a support level at 2.07, which if violated will result in even more drops to 2.04. On the upside, there is a resistance level at 2.16. A further resistance level may holdings at 2.21. The Relative Strength Index (RSI) on the 14-day chart is 57.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.12%. Stochastics %K at 42.41% indicates the stock is a holding.

How much short interest is there in Talkspace Inc?

A steep rise in short interest was recorded in Talkspace Inc stocks on 2024-09-13, dropping by -0.3 million shares to a total of 6.39 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 6.69 million shares. There was a decline of -4.64%, which implies that there is a negative sentiment for the stock.

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