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. Tellurian Inc shares valued at $80,400 were purchased by GROSS JONATHAN S on Dec 15 ’23. At $0.67 per share, GROSS JONATHAN S acquired 120,000 shares. The insider’s holdings grew to 460,000 shares worth approximately $0.17 million following the completion of this transaction.
Also, GROSS JONATHAN S purchased 100,000 shares, netting a total of over 61,000 in proceeds. Following the buying of shares at $0.61 each, the insider now holds 340,000 shares.
Before that, GROSS JONATHAN S had added 100,000 shares to its account. In a trade valued at $138,000, the Director bought Tellurian Inc shares for $1.38 each. Upon closing the transaction, the insider’s holdings increased to 100,000 shares, worth approximately $91200.0.
As published in a research note from BofA Securities on February 14, 2023, Tellurian Inc [TELL] has been rated down from a Buy to an Underperform and the price target has been revised to $1.50 from $4. Analysts at BofA Securities upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early August. As of August 02, 2022, Evercore ISI has decreased its “an Outperform” rating to a “an In-line” for TELL. Earlier on April 01, 2022, Credit Suisse upgraded its rating. Their new recommendation was “an Outperform” for TELL stock which previously was a “a Neutral”.
Analyzing TELL Stock Performance
During the last five days, there has been a drop of approximately -26.99%. Over the course of the year, Tellurian Inc shares have dropped approximately -49.05%. Shares of the company reached a 52-week high of $1.0200 on 03/11/24 and a 52-week low of $0.3552 on 02/05/24. A 50-day SMA is recorded $0.6794, while a 200-day SMA reached $0.8928. Nevertheless, trading volume fell to 39.29 million shares from 35.13 million shares the previous day.
Support And Resistance Levels for Tellurian Inc (TELL)
According to the 24-hour chart, there is a support level at 0.3684, which, if violated, would cause prices to drop to 0.3518. In the upper region, resistance lies at 0.4182. The next price resistance is at 0.4514. RSI (Relative Strength Index) is 30.84 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.1122, which suggests the price will decrease in the coming days. Percent R is at 100.00%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
