Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Glaukos Corporation shares valued at $498,716 were sold by Gilliam Joseph E on Dec 20 ’24. At $149.85 per share, Gilliam Joseph E sold 3,328 shares. The insider’s holdings dropped to 102,169 shares worth approximately $15.3 million following the completion of this transaction.
Also, Kliman Gilbert H sold 10,000 shares, netting a total of over 1,502,800 in proceeds. Following the sale of shares at $150.28 each, the insider now holds 32,336 shares.
Before that, Gilliam Joseph E had added 3,657 shares to its account. In a trade valued at $548,017, the Officer bought Glaukos Corporation shares for $149.85 each.
As published in a research note from Citigroup on December 11, 2024, Glaukos Corporation [GKOS] has been rated up from a Neutral to a Buy and the price target has been revised to $162 from $132. Analysts at UBS started covering the stock with ‘”a Buy”‘ outlook in a report released in early December. As of December 02, 2024, Morgan Stanley has decreased its “an Equal-weight” rating to a “an Underweight” for GKOS. Earlier on July 10, 2024, Citigroup downgraded its rating. Their new recommendation was “a Neutral” for GKOS stock which previously was a “a Buy”.
Analyzing GKOS Stock Performance
During the last five days, there has been a drop of approximately -4.36%. Over the course of the year, Glaukos Corporation shares have dropped approximately -0.11%. Shares of the company reached a 52-week high of $161.13 on 01/10/25 and a 52-week low of $142.71 on 01/15/25. A 50-day SMA is recorded $143.88, while a 200-day SMA reached $124.23. Nevertheless, trading volume fell to 0.8 million shares from 0.69 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 144.73, which, if violated, would cause prices to drop to 139.69. In the upper region, resistance lies at 152.79. The next price resistance is at 155.81. RSI (Relative Strength Index) is 51.96 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.40, which suggests the price will decrease in the coming days. Percent R is at 61.67%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
