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Insider Sale at Teladoc Health (TDOC) Continues Selling Trend

05/07/2021 18:30

10:20 PM EDT, 05/07/2021 (MT Newswires) -- A substantial insider sale of the shares of Teladoc Health was revealed in a form 4 document filed with the SEC today, showing -- Jason N Gorevic, Director and Officer -- sold 10,000 shares in the company having a market value of approximately $1,564,761. There have been 9 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 74,712 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 84,712 shares and have averaged 8,471 shares per transaction over this time period.

Insider buy/sell trading at Teladoc Health is higher than the 2 peer company average over the last 90-day period. However, the number of shares per average transaction for Teladoc Health insider buy-sell trading is very close to the average of the Telemedicine Services peer group of companies. This peer group saw 0 shares purchased and 74,712 shares sold resulting in an average of 8,301 shares traded and netting out with company insiders disposing of 8,301 shares on average.

The data obtained in composing and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.