Tellurian Inc’s recently made public that its Director GROSS JONATHAN S acquired Company’s shares for reported $80400.0 on Dec 15 ’23. In the deal valued at $0.67 per share,120,000 shares were bought. As a result of this transaction, GROSS JONATHAN S now holds 460,000 shares worth roughly $0.23 million.
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Then, GROSS JONATHAN S bought 100,000 shares, generating $61,000 in total proceeds. Upon buying the shares at $0.61, the Director now owns 340,000 shares.
Before that, GROSS JONATHAN S bought 100,000 shares. Tellurian Inc shares valued at $138,000 were divested by the Director at a price of $1.38 per share. As a result of the transaction, GROSS JONATHAN S now holds 240,000 shares, worth roughly $0.12 million.
BofA Securities downgraded its Tellurian Inc [TELL] rating to an Underperform from a a Buy in a research note published on February 14, 2023; the price target was decreased to $1.50 from $4. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in early August from “a Neutral” to “a Buy”. Evercore ISI also remained covering TELL and has decreased its forecast on August 02, 2022 with a “an In-line” recommendation from previously “an Outperform” rating. Credit Suisse revised its rating on April 01, 2022. It rated TELL as “an Outperform” which previously was an “a Neutral”.
Price Performance Review of TELL
On Monday, Tellurian Inc [AMEX:TELL] saw its stock fall -8.36% to $0.51. Over the last five days, the stock has lost -30.82%. Tellurian Inc shares have fallen nearly -32.86% since the year began. Nevertheless, the stocks have fallen -48.46% over the past one year. While a 52-week high of $1.75 was reached on 03/11/24, a 52-week low of $0.36 was recorded on 02/05/24. SMA at 50 days reached $0.6778, while 200 days put it at $0.9550. A total of 44.26 million shares were traded, compared to the trading of 37.18 million shares in the previous session.
Levels Of Support And Resistance For TELL Stock
The 24-hour chart illustrates a support level at 0.4830, which if violated will result in even more drops to 0.4586. On the upside, there is a resistance level at 0.5487. A further resistance level may holdings at 0.5900. The Relative Strength Index (RSI) on the 14-day chart is 35.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.2120, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.60%. Stochastics %K at 7.72% indicates the stock is a buying.
How much short interest is there in Tellurian Inc?
A steep rise in short interest was recorded in Tellurian Inc stocks on Feb 29, 2024, growing by 8.29 million shares to a total of 124.49 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 116.2 million shares. There was a rise of 6.66%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 16.52% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.16.
The most recent change occurred on July 08, 2021 when B. Riley Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $8 price target.
