Teladoc Health Inc’s recent filing unveils that its Former Officer Turitz Andrew acquired Company’s shares for reported $0.37 million on Oct 11 ’24. In the deal valued at $9.49 per share,38,983 shares were bought.
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Then, Kornwasser Laizer bought 29,516 shares, generating $262,825 in total proceeds.
Before that, Trencher Daniel bought 8,343 shares. Teladoc Health Inc shares valued at $71,612 were divested by the Former Officer at a price of $8.58 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 -5.49% to $9.30. Over the last five days, the stock has gained 3.33%. Teladoc Health Inc shares have fallen nearly -56.84% since the year began. Nevertheless, the stocks have fallen -48.76% 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 $8.16, while 200 days put it at $12.39.
Levels Of Support And Resistance For TDOC Stock
The 24-hour chart illustrates a support level at 9.06, which if violated will result in even more drops to 8.81. On the upside, there is a resistance level at 9.68. A further resistance level may holdings at 10.05. The Relative Strength Index (RSI) on the 14-day chart is 54.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.36, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 43.07%. Stochastics %K at 76.44% 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 2024-09-30, growing by 0.67 million shares to a total of 27.64 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 26.97 million shares. There was a rise of 2.43%, which implies that there is a positive 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.
