Based on this transaction and a few others from Corporate Insiders of TELA that Bought $7.9M worth of shares in the last 3 months, the Insider Confidence level of TELA Bio is trending Up.
Since these insiders have unique insights into what's happening at TELA Bio, this might serve as an indicator of where it is headed.
Here is a list of the latest insider activity for TELA:
- EW HEALTHCARE PARTNERS FUND 2, L.P. - >10% Owner, Bought $4,000,000 worth of shares on 4 weeks ago
- Opaleye Management Inc. - Other, Bought $2,520,000 worth of shares on 1 month ago
- Opaleye Management Inc. - >10% Owner, Bought $102,061 worth of shares on 1 month ago
- Opaleye Management Inc. - >10% Owner, Bought $39,583 worth of shares on 1 month ago
In addition, Barchart.com has a Weak sell rating and Yahoo! Finance has a Bearish short-term outlook.
Here is a bit more on TELA Bio, TELA but please do your own research.
TELA Summary: TELA Bio Inc. is a commercial stage medical technology company. It is focused on the designing, developing and marketing of tissue reinforcement materials to address unmet needs in soft tissue reconstruction. The company offers a portfolio of advanced reinforced tissue matrices. TELA Bio Inc. is headquartered in Malvern, Pennsylvania.
- Recent Last Price: $8.43
- Price Change: $0.36, 4.46%
- Yearly Gain: -35.39%
- Market Cap: $154.61M
- P/E Ratio: -2.895
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