In a filing, TELA Bio Inc revealed its COO and CFO Cuca Roberto acquired Company’s shares for reported $0.14 million on Oct 24 ’24. In the deal valued at $2.25 per share,64,444 shares were bought. As a result of this transaction, Cuca Roberto now holds 155,388 shares worth roughly $0.44 million.
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Then, Talmo Paul bought 22,222 shares, generating $50,000 in total proceeds. Upon buying the shares at $2.25, the Chief Technology Officer now owns 91,082 shares.
Before that, KOBLISH ANTONY bought 88,888 shares. TELA Bio Inc shares valued at $199,998 were divested by the Chief Executive Officer at a price of $2.25 per share. As a result of the transaction, KOBLISH ANTONY now holds 458,897 shares, worth roughly $1.31 million.
Lake Street initiated its TELA Bio Inc [TELA] rating to a Buy in a research note published on May 31, 2022; the price target was $17. A number of analysts have revised their coverage, including Piper Jaffray’s analysts, who began to cover the stock in early December with a ‘”an Overweight”‘ rating. JMP Securities began covering TELA with “Mkt outperform” recommendation on December 03, 2019. Jefferies started covering the stock on December 03, 2019. It rated TELA as “a Buy”.
Price Performance Review of TELA
On Friday, TELA Bio Inc [NASDAQ:TELA] saw its stock jump 10.85% to $2.86. Over the last five days, the stock has gained 13.04%. TELA Bio Inc shares have fallen nearly -56.80% since the year began. Nevertheless, the stocks have fallen -52.88% over the past one year. While a 52-week high of $7.84 was reached on 01/26/24, a 52-week low of $2.30 was recorded on 10/10/24. SMA at 50 days reached $2.67, while 200 days put it at $4.81.
Levels Of Support And Resistance For TELA Stock
The 24-hour chart illustrates a support level at 2.73, which if violated will result in even more drops to 2.59. On the upside, there is a resistance level at 2.98. A further resistance level may holdings at 3.09. The Relative Strength Index (RSI) on the 14-day chart is 60.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.33%. Stochastics %K at 52.89% indicates the stock is a holding.
How much short interest is there in TELA Bio Inc?
A steep rise in short interest was recorded in TELA Bio Inc stocks on 2024-10-15, dropping by -0.17 million shares to a total of 1.54 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.7 million shares. There was a decline of -10.86%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on December 03, 2019 when Canaccord Genuity began covering the stock and recommended ‘”a Buy”‘ rating .
