Talos Energy Inc’s recently made public that its Add’l Rep. Persons-see Ex.99-1 Control Empresarial de Capital acquired Company’s shares for reported $0.78 million on Mar 15 ’24. In the deal valued at $12.82 per share,60,556 shares were bought. As a result of this transaction, Control Empresarial de Capital now holds 35,922,904 shares worth roughly $514.78 million.
Then, Control Empresarial de Capital bought 645,838 shares, generating $8,267,372 in total proceeds. Upon buying the shares at $12.80, the Add’l Rep. Persons-see Ex.99-1 now owns 35,862,348 shares.
Before that, Control Empresarial de Capital bought 468,729 shares. Talos Energy Inc shares valued at $5,987,825 were divested by the Add’l Rep. Persons-see Ex.99-1 at a price of $12.77 per share. As a result of the transaction, Control Empresarial de Capital now holds 35,216,510 shares, worth roughly $504.65 million.
Citigroup initiated its Talos Energy Inc [TALO] rating to a Buy in a research note published on March 22, 2024; the price target was $16.50. A number of analysts have revised their coverage, including Canaccord Genuity’s analysts, who began to cover the stock in late November with a ‘”a Buy”‘ rating. Stephens began covering TALO with “an Overweight” recommendation on April 25, 2023. KeyBanc Capital Markets started covering the stock on March 23, 2023. It rated TALO as “an Overweight”.
Price Performance Review of TALO
On Friday, Talos Energy Inc [NYSE:TALO] saw its stock jump 1.49% to $14.33. Over the last five days, the stock has gained 2.87%. Talos Energy Inc shares have risen nearly 0.70% since the year began. Nevertheless, the stocks have fallen -6.03% over the past one year. While a 52-week high of $17.59 was reached on 01/04/24, a 52-week low of $10.69 was recorded on 02/05/24. SMA at 50 days reached $13.08, while 200 days put it at $14.55. A total of 1.28 million shares were traded, compared to the trading of 1.74 million shares in the previous session.
Levels Of Support And Resistance For TALO Stock
The 24-hour chart illustrates a support level at 14.04, which if violated will result in even more drops to 13.75. On the upside, there is a resistance level at 14.53. A further resistance level may holdings at 14.72. The Relative Strength Index (RSI) on the 14-day chart is 67.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.46, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 6.42%. Stochastics %K at 92.84% indicates the stock is a selling.
How much short interest is there in Talos Energy Inc?
A steep rise in short interest was recorded in Talos Energy Inc stocks on Mar 15, 2024, growing by 1.36 million shares to a total of 13.67 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 12.31 million shares. There was a rise of 9.95%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 8.21% of the overall stock float, the days-to-cover ratio (short ratio) rose to 6.97.
