Teladoc Health Inc’s recent filing unveils that its President, U.S. Group Health Bliss Kelly unloaded Company’s shares for reported $7783.0 on Oct 02 ’24. In the deal valued at $8.68 per share,897 shares were sold. As a result of this transaction, Bliss Kelly now holds 28,203 shares worth roughly $0.24 million.
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Then, Nanis Nikolaos P. bought 454 shares, generating $3,939 in total proceeds.
Before that, Bliss Kelly bought 897 shares. Teladoc Health Inc shares valued at $7,783 were divested by the Officer at a price of $8.68 per share.
Jefferies reiterated its Teladoc Health Inc [TDOC] rating to a Hold in a research note published on September 17, 2024; the price target was $10. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who began to cover the stock in late February with a ‘”an Overweight”‘ rating. Leerink Partners began covering TDOC with “Market perform” recommendation on February 26, 2024. DA Davidson revised its rating on January 17, 2024. It rated TDOC as “a Neutral” which previously was an “a Buy”.
Price Performance Review of TDOC
On Monday, Teladoc Health Inc [NYSE:TDOC] saw its stock fall -4.42% to $8.64. Over the last five days, the stock has lost -5.88%. Teladoc Health Inc shares have fallen nearly -59.91% since the year began. Nevertheless, the stocks have fallen -53.42% over the past one year. While a 52-week high of $22.54 was reached on 01/02/24, a 52-week low of $6.76 was recorded on 08/28/24. SMA at 50 days reached $7.92, while 200 days put it at $13.00.
Levels Of Support And Resistance For TDOC Stock
The 24-hour chart illustrates a support level at 8.43, which if violated will result in even more drops to 8.21. On the upside, there is a resistance level at 8.98. A further resistance level may holdings at 9.31. The Relative Strength Index (RSI) on the 14-day chart is 53.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.08%. Stochastics %K at 38.79% 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 2024-09-13, dropping by -2.21 million shares to a total of 27.0 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 29.21 million shares. There was a decline of -8.17%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on January 03, 2024 when Barclays began covering the stock and recommended ‘”an Overweight”‘ rating along with a $26 price target.
