In a filing, Teladoc Health Inc revealed its Former Officer Geshuri Arnnon acquired Company’s shares for reported $0.32 million on Nov 15 ’24. In the deal valued at $9.21 per share,34,456 shares were bought.
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Then, Geshuri Arnnon bought 60,000 shares, generating $574,800 in total proceeds.
Before that, Raman-Tangella Vidya bought 1,537 shares. Teladoc Health Inc shares valued at $13,649 were divested by the Officer at a price of $8.88 per share.
Goldman initiated its Teladoc Health Inc [TDOC] rating to a Buy in a research note published on November 15, 2024; the price target was $14. A number of analysts have revised their coverage, including Jefferies’s analysts, who remained covering the stock and in mid September has reiterated a ‘”a Hold”‘ rating for it. Cantor Fitzgerald began covering TDOC with “an Overweight” recommendation on February 29, 2024. Leerink Partners started covering the stock on February 26, 2024. It rated TDOC as “a Market perform”.
Price Performance Review of TDOC
On Friday, Teladoc Health Inc [NYSE:TDOC] saw its stock jump 2.79% to $9.21. Over the last five days, the stock has lost -0.22%. Teladoc Health Inc shares have fallen nearly -57.26% since the year began. Nevertheless, the stocks have fallen -47.46% 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 $8.89, while 200 days put it at $11.31.
Levels Of Support And Resistance For TDOC Stock
The 24-hour chart illustrates a support level at 8.74, which if violated will result in even more drops to 8.26. On the upside, there is a resistance level at 9.69. A further resistance level may holdings at 10.16. The Relative Strength Index (RSI) on the 14-day chart is 50.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 50.52%. Stochastics %K at 51.49% 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 2024-10-31, dropping by -0.71 million shares to a total of 26.93 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 27.64 million shares. There was a decline of -2.63%, which implies that there is a negative sentiment for the stock.
