Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. TELA Bio Inc shares valued at $144,999 were purchased by Cuca Roberto on Oct 24 ’24. At $2.25 per share, Cuca Roberto acquired 64,444 shares. The insider’s holdings grew to 155,388 shares worth approximately $0.47 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Talmo Paul purchased 22,222 shares, netting a total of over 50,000 in proceeds. Following the buying of shares at $2.25 each, the insider now holds 91,082 shares.
Before that, KOBLISH ANTONY had added 88,888 shares to its account. In a trade valued at $199,998, the Chief Executive Officer bought TELA Bio Inc shares for $2.25 each. Upon closing the transaction, the insider’s holdings increased to 88,888 shares, worth approximately $1.39 million.
As published in their initiating research note from Lake Street on May 31, 2022, TELA Bio Inc [TELA] has been a Buy and the price target has been revised to $17. Analysts at Piper Jaffray started covering the stock with ‘”an Overweight”‘ outlook in a report released in early December. As of December 03, 2019, JMP Securities has initiated its “Mkt outperform” rating for TELA. Earlier on December 03, 2019, Jefferies initiated its rating. Their recommendation was “a Buy” for TELA stock.
Analyzing TELA Stock Performance
During the last five days, there has been a surge of approximately 4.48%. Over the course of the year, TELA Bio Inc shares have dropped approximately -54.23%. Shares of the company reached a 52-week high of $7.84 on 01/26/24 and a 52-week low of $2.30 on 10/10/24. A 50-day SMA is recorded $2.73, while a 200-day SMA reached $4.34. Nevertheless, trading volume fell to 0.11 million shares from 0.23 million shares the previous day.
Support And Resistance Levels for TELA Bio Inc (TELA)
According to the 24-hour chart, there is a support level at 2.96, which, if violated, would cause prices to drop to 2.90. In the upper region, resistance lies at 3.11. The next price resistance is at 3.20. RSI (Relative Strength Index) is 57.73 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.02, which suggests the price will decrease in the coming days. Percent R is at 50.00%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
