Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Talos Energy Inc shares valued at $3,428,148 were purchased by Control Empresarial de Capital on Aug 05 ’24. At $9.99 per share, Control Empresarial de Capital acquired 343,000 shares. The insider’s holdings grew to 39,488,904 shares worth approximately $476.24 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Control Empresarial de Capital purchased 617,000 shares, netting a total of over 6,761,765 in proceeds. Following the buying of shares at $10.96 each, the insider now holds 39,145,904 shares.
Before that, Control Empresarial de Capital had added 306,000 shares to its account. In a trade valued at $3,518,602, the Add’l Rep. Persons-see Ex.99-1 bought Talos Energy Inc shares for $11.50 each. Upon closing the transaction, the insider’s holdings increased to 306,000 shares, worth approximately $464.66 million.
As published in their initiating research note from Goldman on July 22, 2024, Talos Energy Inc [TALO] has been a Buy and the price target has been revised to $14. Analysts at Citigroup started covering the stock with ‘”a Buy”‘ outlook in a report released in late March. As of November 21, 2023, Canaccord Genuity has initiated its “Buy” rating for TALO. Earlier on April 25, 2023, Stephens 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 4.33%. Over the course of the year, Talos Energy Inc shares have dropped approximately -15.25%. Shares of the company reached a 52-week high of $14.77 on 01/04/24 and a 52-week low of $9.81 on 08/05/24. A 50-day SMA is recorded $11.37, while a 200-day SMA reached $12.95. Nevertheless, trading volume fell to 6.59 million shares from 3.12 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 11.60, which, if violated, would cause prices to drop to 11.15. In the upper region, resistance lies at 12.35. The next price resistance is at 12.65. RSI (Relative Strength Index) is 57.70 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.47, which suggests the price will decrease in the coming days. Percent R is at 5.46%, indicating bullish price movement. Stochastics%K at holding indicates that the stock is to be held.
