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Potential Price Increase for Teladoc Health Inc (TDOC) After Recent Insider Activity

Teladoc Health Inc’s filing revealed that its President, International Nueno Carlos unloaded Company’s shares for reported $32455.0 on Dec 03 ’24. In the deal valued at $11.23 per share,2,890 shares were sold. As a result of this transaction, Nueno Carlos now holds 0 shares worth roughly $0.0.

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Then, Nueno Carlos sold 2,389 shares, generating $28,494 in total proceeds. Upon selling the shares at $11.93, the President, International now owns 2,890 shares.

Before that, Vandervoort Adam C sold 4,004 shares. Teladoc Health Inc shares valued at $47,756 were divested by the CHIEF LEGAL OFFICER, SECRETARY at a price of $11.93 per share. As a result of the transaction, Vandervoort Adam C now holds 50,050 shares, worth roughly $0.55 million.

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 1.95% to $11.00. Over the last five days, the stock has lost -8.18%. Teladoc Health Inc shares have fallen nearly -48.96% since the year began. Nevertheless, the stocks have fallen -41.98% 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 $9.57, while 200 days put it at $10.68.

Levels Of Support And Resistance For TDOC Stock

The 24-hour chart illustrates a support level at 10.82, which if violated will result in even more drops to 10.64. On the upside, there is a resistance level at 11.23. A further resistance level may holdings at 11.45. The Relative Strength Index (RSI) on the 14-day chart is 57.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 38.34%. Stochastics %K at 59.96% 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 2024-11-15, growing by 0.43 million shares to a total of 25.69 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 25.26 million shares. There was a rise of 1.67%, which implies that there is a positive sentiment for the stock.

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