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Recent Insider Activity Suggests Potential Gains for Talos Energy Inc (TALO)

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 $3.5 million on Sep 05 ’24. In the deal valued at $10.84 per share,323,000 shares were bought. As a result of this transaction, Control Empresarial de Capital now holds 42,858,904 shares worth roughly $491.16 million.

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Then, Control Empresarial de Capital bought 1,850,000 shares, generating $20,571,815 in total proceeds. Upon buying the shares at $11.12, the Add’l Rep. Persons-see Ex.99-1 now owns 42,535,904 shares.

Before that, Control Empresarial de Capital bought 547,000 shares. Talos Energy Inc shares valued at $5,975,319 were divested by the Add’l Rep. Persons-see Ex.99-1 at a price of $10.92 per share. As a result of the transaction, Control Empresarial de Capital now holds 40,685,904 shares, worth roughly $466.26 million.

Mizuho initiated its Talos Energy Inc [TALO] rating to an Outperform in a research note published on September 19, 2024; the price target was $16. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in late July with a ‘”a Buy”‘ rating. Citigroup began covering TALO with “Buy” recommendation on March 22, 2024. Canaccord Genuity started covering the stock on November 21, 2023. It rated TALO as “a Buy”.

Price Performance Review of TALO

On Friday, Talos Energy Inc [NYSE:TALO] saw its stock fall -0.43% to $11.46. Over the last five days, the stock has gained 3.80%. Talos Energy Inc shares have fallen nearly -19.47% since the year began. Nevertheless, the stocks have fallen -29.00% over the past one year. While a 52-week high of $17.09 was reached on 01/04/24, a 52-week low of $9.81 was recorded on 08/05/24. SMA at 50 days reached $11.43, while 200 days put it at $12.47.

Levels Of Support And Resistance For TALO Stock

The 24-hour chart illustrates a support level at 11.27, which if violated will result in even more drops to 11.07. On the upside, there is a resistance level at 11.62. A further resistance level may holdings at 11.77. The Relative Strength Index (RSI) on the 14-day chart is 53.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 28.52%. Stochastics %K at 67.14% indicates the stock is a holding.

How much short interest is there in Talos Energy Inc?

A steep rise in short interest was recorded in Talos Energy Inc stocks on 2024-08-30, growing by 3.51 million shares to a total of 16.14 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 12.63 million shares. There was a rise of 21.75%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on April 25, 2023 when Stephens began covering the stock and recommended ‘”an Overweight”‘ rating along with a $21 price target.

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