Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Teladoc Health Inc shares valued at $370,102 were purchased by Turitz Andrew on Oct 11 ’24. At $9.49 per share, Turitz Andrew acquired 38,983 shares.
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Also, Kornwasser Laizer purchased 29,516 shares, netting a total of over 262,825 in proceeds.
Before that, Trencher Daniel had added 8,343 shares to its account. In a trade valued at $71,612, the Former Officer bought Teladoc Health Inc shares for $8.58 each.
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 drop of approximately -9.57%. Over the course of the year, Teladoc Health Inc shares have dropped approximately -60.09%. 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 $8.27, while a 200-day SMA reached $12.20. Nevertheless, trading volume fell to 3.05 million shares from 4.37 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 8.48, which, if violated, would cause prices to drop to 8.36. In the upper region, resistance lies at 8.83. The next price resistance is at 9.06. RSI (Relative Strength Index) is 46.02 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.41, which suggests the price will decrease in the coming days. Percent R is at 94.16%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
