Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Glaukos Corporation shares valued at $316,157 were sold by Gilliam Joseph E on Oct 30 ’24. At $138.97 per share, Gilliam Joseph E sold 2,275 shares. The insider’s holdings dropped to 102,169 shares worth approximately $14.58 million following the completion of this transaction.
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Also, Gilliam Joseph E purchased 2,500 shares, netting a total of over 347,421 in proceeds.
Before that, Kliman Gilbert H had sold 3,000 shares from its account. In a trade valued at $392,000, the Director traded Glaukos Corporation shares for $130.67 each. Upon closing the transaction, the insider’s holdings decreased to 3,000 shares, worth approximately $4.61 million.
As published in a research note from Citigroup on July 10, 2024, Glaukos Corporation [GKOS] has been rated down from a Buy to a Neutral and the price target has been revised to $132. Analysts at Jefferies upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early May. As of December 21, 2023, JP Morgan has increased its “Neutral” rating to a “an Overweight” for GKOS. Earlier on December 04, 2023, Morgan Stanley initiated its rating. Their recommendation was “an Equal-weight” for GKOS stock.
Analyzing GKOS Stock Performance
During the last five days, there has been a surge of approximately 0.88%. Over the course of the year, Glaukos Corporation shares have jumped approximately 79.51%. Shares of the company reached a 52-week high of $146.86 on 11/25/24 and a 52-week low of $74.75 on 01/03/24. A 50-day SMA is recorded $133.58, while a 200-day SMA reached $115.37. Nevertheless, trading volume fell to 0.35 million shares from 0.66 million shares the previous day.
Support And Resistance Levels for Glaukos Corporation (GKOS)
According to the 24-hour chart, there is a support level at 141.33, which, if violated, would cause prices to drop to 139.97. In the upper region, resistance lies at 144.28. The next price resistance is at 145.87. RSI (Relative Strength Index) is 57.23 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.51, which suggests the price will decrease in the coming days. Percent R is at 37.50%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
