The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Talos Energy Inc shares valued at $776,328 were purchased by Control Empresarial de Capital on Mar 15 ’24. At $12.82 per share, Control Empresarial de Capital acquired 60,556 shares. The insider’s holdings grew to 35,922,904 shares worth approximately $515.85 million following the completion of this transaction.
Also, Control Empresarial de Capital purchased 645,838 shares, netting a total of over 8,267,372 in proceeds. Following the buying of shares at $12.80 each, the insider now holds 35,862,348 shares.
Before that, Control Empresarial de Capital had added 468,729 shares to its account. In a trade valued at $5,987,825, the Add’l Rep. Persons-see Ex.99-1 bought Talos Energy Inc shares for $12.77 each. Upon closing the transaction, the insider’s holdings increased to 468,729 shares, worth approximately $505.71 million.
As published in their initiating research note from Citigroup on March 22, 2024, Talos Energy Inc [TALO] has been a Buy and the price target has been revised to $16.50. Analysts at Canaccord Genuity started covering the stock with ‘”a Buy”‘ outlook in a report released in late November. As of April 25, 2023, Stephens has initiated its “an Overweight” rating for TALO. Earlier on March 23, 2023, KeyBanc Capital Markets initiated its rating. Their recommendation was “an Overweight” for TALO stock.
Analyzing TALO Stock Performance
During the last five days, there has been a surge of approximately 2.21%. Over the course of the year, Talos Energy Inc shares have jumped approximately 0.91%. Shares of the company reached a 52-week high of $14.77 on 01/04/24 and a 52-week low of $11.75 on 02/05/24. A 50-day SMA is recorded $13.15, while a 200-day SMA reached $14.56. Nevertheless, trading volume fell to 1.94 million shares from 1.5 million shares the previous day.
Support And Resistance Levels for Talos Energy Inc (TALO)
According to the 24-hour chart, there is a support level at 14.13, which, if violated, would cause prices to drop to 13.90. In the upper region, resistance lies at 14.57. The next price resistance is at 14.78. RSI (Relative Strength Index) is 65.24 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.49, which suggests the price will decrease in the coming days. Percent R is at 20.13%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
Is Talos Energy Inc subject to short interest?
Stocks of Talos Energy Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 1.36 million shares to 13.67 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 12.31 million shares. A jump of 9.95% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 6.97 of the overall float, the days-to-cover ratio (short ratio) jumped to 6.97.
