The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Telos Corp shares valued at $379,159 were purchased by Wood John B on Aug 12 ’24. At $2.39 per share, Wood John B acquired 158,644 shares. The insider’s holdings grew to 5,026,925 shares worth approximately $22.97 million following the completion of this transaction.
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Also, Schaufeld Fredrick purchased 212,463 shares, netting a total of over 533,282 in proceeds. Following the buying of shares at $2.51 each, the insider now holds 1,556,610 shares.
Before that, Schaufeld Fredrick had added 37,537 shares to its account. In a trade valued at $88,212, the Director bought Telos Corp shares for $2.35 each. Upon closing the transaction, the insider’s holdings increased to 37,537 shares, worth approximately $7.29 million.
As published in a research note from B. Riley Securities on November 10, 2023, Telos Corp [TLS] has been rated up from a Neutral to a Buy and the price target has been revised to $4.50 from $2.75. Analysts at Northland Capital upgraded the stock from ‘”a Market perform”‘ to ‘”an Outperform”‘ outlook in a report released in late September. As of January 03, 2023, Northland Capital has decreased its “an Outperform” rating to a “Market perform” for TLS. Earlier on November 15, 2022, B. Riley Securities downgraded its rating. Their new recommendation was “a Neutral” for TLS stock which previously was a “a Buy”.
Analyzing TLS Stock Performance
During the last five days, there has been a surge of approximately 30.20%. Over the course of the year, Telos Corp shares have jumped approximately 25.21%. Shares of the company reached a 52-week high of $5.03 on 06/03/24 and a 52-week low of $1.89 on 08/12/24. A 50-day SMA is recorded $3.57, while a 200-day SMA reached $3.73. Nevertheless, trading volume fell to 0.86 million shares from 1.23 million shares the previous day.
Support And Resistance Levels for Telos Corp (TLS)
According to the 24-hour chart, there is a support level at 4.40, which, if violated, would cause prices to drop to 4.23. In the upper region, resistance lies at 4.73. The next price resistance is at 4.89. RSI (Relative Strength Index) is 74.90 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.62, which suggests the price will decrease in the coming days. Percent R is at 12.00%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
