Team Inc. [TISI] stock for 3,649 USD was acquired by Davis Jeffery Gerald

EURN Stock
EURN Stock

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Team Inc. shares valued at $3,649 were purchased by Davis Jeffery Gerald on Jun 08. At $1.46 per share, Davis Jeffery Gerald acquired 2,500 shares. The insider’s holdings grew to 108,490 shares worth approximately $81367.5 following the completion of this transaction.

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Also, Davis Jeffery Gerald purchased 2,500 shares, netting a total of over 3,449 in proceeds. Following the buying of shares at $1.38 each, the insider now holds 105,990 shares.

Before that, Davis Jeffery Gerald had added 5,000 shares to its account. In a trade valued at $5,934, the Director bought Team Inc. shares for $1.19 each. Upon closing the transaction, the insider’s holdings increased to 5,000 shares, worth approximately $77617.5.

As published in their initiating research note from Sidoti on December 13, 2019, Team Inc. [TISI] has been a Buy. Analysts at Johnson Rice downgraded the stock from ‘”a Buy”‘ to ‘”a Accumulate”‘ outlook in a report released in early November. As of January 23, 2018, Johnson Rice has increased its “Hold” rating to a “Accumulate” for TISI. Earlier on January 22, 2018, Stephens upgraded its rating. Their new recommendation was “an Overweight” for TISI stock which previously was a “an Equal-weight”.

Analyzing TISI Stock Performance

On Wednesday, Team Inc. [NYSE: TISI] rose 3.96% to $0.75. The stock’s lowest price that day was $0.73, but it reached a high of $0.8102 in the same session. During the last five days, there has been a drop of approximately -8.06%. Over the course of the year, Team Inc. shares have dropped approximately -31.53%. Shares of the company reached a 52-week high of $3.0700 on 04/06/22 and a 52-week low of $0.5200 on 01/24/22. A 50-day SMA is recorded $1.0778, while a 200-day SMA reached $1.1355. Nevertheless, trading volume fell to 0.79 million shares from 0.22 million shares the previous day.

Support And Resistance Levels for Team Inc. (TISI)

According to the 24-hour chart, there is a support level at 0.7141, which, if violated, would cause prices to drop to 0.6820. In the upper region, resistance lies at 0.7943. The next price resistance is at 0.8424. RSI (Relative Strength Index) is 33.09 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0905, which suggests the price will decrease in the coming days. Percent R is at 68.98%, indicating low price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Team Inc. subject to short interest?

Stocks of Team Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -1.27 million shares to 1.57 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 2.84 million shares. A decline of -80.89% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.7 of the overall float, the days-to-cover ratio (short ratio) decline to 2.7.

Which companies own the most shares of Team Inc. (TISI)?

According to Corre Partners Management LLC filings, the company currently owns 14,545,472 shares, which is about 33.65% of the total TISI shares outstanding. With the completion of the sale transaction, Owl Creek Asset Management LP’s stake is now worth $1,540,104. GAMCO Asset Management, Inc. reduced a -1.43% interest valued at $1.23 million while The Vanguard Group, Inc. sold a -97,672 stake. A total of -1,137,821 shares of Team Inc. were sold by BlackRock Fund Advisors during the quarter, and -42,419 were sold by Littlejohn & Co. LLC. In its current portfolio, Marshall Wace LLP holds 511,980 shares valued at $0.54 million.

In terms of Team Inc. share price expectations, FactSet research, analysts set an average price target of $10.00 in the next 12 months, up nearly 1288.89% from the previous closing price of $0.72. Analysts anticipate Team Inc. stock to reach $13.00 by 2022, with the lowest price target being $7.00. In spite of this, 1 analysts ranked Team Inc. stock as a Hold at the end of 2022.


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