Teladoc Health Insider Confidence Rewarded, Stock Hits US$1.8b Market Cap
Teladoc Health, Inc. (NYSE:TDOC) insiders who purchased stock in the past year saw a substantial increase in the company’s market value last week. The stock rose by 33%, resulting in a US$511 million boost to the company’s market cap. This increase turned an initial investment of US$140.8k into US$228.4k. It’s always interesting to track insider activity to gauge investor confidence.
Over the last 12 months, the most significant insider purchase was by Independent Director Thomas McKinley, who bought US$82k worth of shares. While we like to see insider buying, it’s essential to note that this purchase was below the current market price. All in all, insiders bought 19.00k shares worth US$141k while selling 1.87k shares worth US$24k over the past year.
The recent insider activity at Teladoc Health includes Independent Director Thomas McKinley buying US$31k worth of shares in the last three months. Insider ownership stands at 0.9%, indicating alignment between management and shareholders, with shares valued at approximately US$17m.
While recent insider transactions may not be groundbreaking, analyzing activity over the past year shows a positive sentiment among Teladoc Health insiders. It’s crucial to consider potential risks when evaluating investment opportunities. Teladoc Health has 2 warning signs that investors should be aware of.
Insider transactions can offer valuable insights into a company’s direction, but they should be just one aspect of your research. If you’re interested in determining Teladoc Health’s valuation, potential risks, and financial health, a detailed analysis can provide helpful information. Remember, this article aims to provide informative analysis and should not be taken as financial advice.
