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Recent Insider Activity Could Benefit Glaukos Corporation (GKOS)

In a filing, Glaukos Corporation revealed its Director Kliman Gilbert H unloaded Company’s shares for reported $0.39 million on Sep 09 ’24. In the deal valued at $130.67 per share,3,000 shares were sold. As a result of this transaction, Kliman Gilbert H now holds 32,336 shares worth roughly $4.1 million.

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Then, Kliman Gilbert H bought 3,000 shares, generating $392,000 in total proceeds.

Before that, Gilliam Joseph E sold 5,000 shares. Glaukos Corporation shares valued at $646,791 were divested by the PRESIDENT & COO at a price of $129.36 per share. As a result of the transaction, Gilliam Joseph E now holds 102,169 shares, worth roughly $12.97 million.

Citigroup downgraded its Glaukos Corporation [GKOS] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in early May from “a Hold” to “a Buy”. JP Morgan also remained covering GKOS and has increased its forecast on December 21, 2023 with a “an Overweight” recommendation from previously “Neutral” rating. Morgan Stanley started covering the stock on December 04, 2023. It rated GKOS as “an Equal-weight”.

Price Performance Review of GKOS

On Friday, Glaukos Corporation [NYSE:GKOS] saw its stock fall -1.04% to $126.90. Over the last five days, the stock has lost -3.11%. Glaukos Corporation shares have risen nearly 59.64% since the year began. Nevertheless, the stocks have risen 78.66% over the past one year. While a 52-week high of $136.60 was reached on 09/03/24, a 52-week low of $59.22 was recorded on 01/03/24. SMA at 50 days reached $126.76, while 200 days put it at $107.48.

Levels Of Support And Resistance For GKOS Stock

The 24-hour chart illustrates a support level at 125.62, which if violated will result in even more drops to 124.35. On the upside, there is a resistance level at 129.24. A further resistance level may holdings at 131.59. The Relative Strength Index (RSI) on the 14-day chart is 48.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 70.43%. Stochastics %K at 47.44% indicates the stock is a holding.

How much short interest is there in Glaukos Corporation?

A steep rise in short interest was recorded in Glaukos Corporation stocks on 2024-09-30, growing by 0.59 million shares to a total of 3.15 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 2.57 million shares. There was a rise of 18.68%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on November 28, 2023 when Truist began covering the stock and recommended ‘”a Buy”‘ rating along with a $88 price target.

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