In a filing, Glaukos Corporation revealed its PRESIDENT & COO Gilliam Joseph E unloaded Company’s shares for reported $0.32 million on Oct 30 ’24. In the deal valued at $138.97 per share,2,275 shares were sold. As a result of this transaction, Gilliam Joseph E now holds 102,169 shares worth roughly $14.71 million.
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Then, Gilliam Joseph E bought 2,500 shares, generating $347,421 in total proceeds.
Before that, Kliman Gilbert H sold 3,000 shares. Glaukos Corporation shares valued at $392,000 were divested by the Director at a price of $130.67 per share. As a result of the transaction, Kliman Gilbert H now holds 32,336 shares, worth roughly $4.66 million.
Citigroup downgraded its Glaukos Corporation [GKOS] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in early May from “a Hold” to “a Buy”. JP Morgan also remained covering GKOS and has increased its forecast on December 21, 2023 with a “an Overweight” recommendation from previously “Neutral” rating. Morgan Stanley started covering the stock on December 04, 2023. It rated GKOS as “an Equal-weight”.
Price Performance Review of GKOS
On Friday, Glaukos Corporation [NYSE:GKOS] saw its stock jump 2.25% to $144.00. Over the last five days, the stock has gained 4.02%. Glaukos Corporation shares have risen nearly 81.15% since the year began. Nevertheless, the stocks have risen 128.39% over the past one year. While a 52-week high of $145.84 was reached on 11/22/24, a 52-week low of $59.22 was recorded on 01/03/24. SMA at 50 days reached $132.42, while 200 days put it at $114.67.
Levels Of Support And Resistance For GKOS Stock
The 24-hour chart illustrates a support level at 141.42, which if violated will result in even more drops to 138.85. On the upside, there is a resistance level at 146.33. A further resistance level may holdings at 148.66. The Relative Strength Index (RSI) on the 14-day chart is 60.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.80, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.70%. Stochastics %K at 82.00% indicates the stock is a selling.
How much short interest is there in Glaukos Corporation?
A steep rise in short interest was recorded in Glaukos Corporation stocks on 2024-10-31, dropping by -0.52 million shares to a total of 2.64 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.15 million shares. There was a decline of -19.56%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on November 28, 2023 when Truist began covering the stock and recommended ‘”a Buy”‘ rating along with a $88 price target.
