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Recent Insider Activity Could Benefit Talkspace Inc (TALK)

Talkspace Inc’s recently made public that its CTO Margolin Gil acquired Company’s shares for reported $11954.0 on Dec 02 ’24. In the deal valued at $3.40 per share,3,516 shares were bought.

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Then, Margolin Gil sold 134,654 shares, generating $416,943 in total proceeds. Upon selling the shares at $3.10, the Chief Technology Officer now owns 288,117 shares.

Before that, Margolin Gil bought 186,801 shares. Talkspace Inc shares valued at $576,511 were divested by the CTO at a price of $3.09 per share.

Mizuho initiated its Talkspace Inc [TALK] rating to an Outperform in a research note published on December 04, 2024; the price target was $5. A number of analysts have revised their coverage, including Northland Capital’s analysts, who began to cover the stock in mid November with a ‘”an Outperform”‘ rating. Needham began covering TALK with “Hold” recommendation on July 01, 2024. Barclays started covering the stock on January 03, 2024. It rated TALK as “an Equal weight”.

Price Performance Review of TALK

On Friday, Talkspace Inc [NASDAQ:TALK] saw its stock fall -0.57% to $3.49. Over the last five days, the stock has gained 2.05%. Talkspace Inc shares have risen nearly 37.40% since the year began. Nevertheless, the stocks have risen 64.62% over the past one year. While a 52-week high of $3.92 was reached on 04/09/24, a 52-week low of $1.60 was recorded on 08/07/24. SMA at 50 days reached $2.95, while 200 days put it at $2.64.

Levels Of Support And Resistance For TALK Stock

The 24-hour chart illustrates a support level at 3.41, which if violated will result in even more drops to 3.32. On the upside, there is a resistance level at 3.58. A further resistance level may holdings at 3.67. The Relative Strength Index (RSI) on the 14-day chart is 60.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 33.05%. Stochastics %K at 72.27% indicates the stock is a holding.

How much short interest is there in Talkspace Inc?

A steep rise in short interest was recorded in Talkspace Inc stocks on 2024-11-15, dropping by -2.01 million shares to a total of 4.38 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 6.39 million shares. There was a decline of -45.8%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on December 02, 2021 when Jefferies began covering the stock and recommended ‘”a Hold”‘ rating along with a $2 price target.

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