Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Tellurian Inc shares valued at $948,700 were sold by KESSLER DIANA DERYCZ on Jul 24 ’24. At $0.95 per share, KESSLER DIANA DERYCZ sold 1,000,000 shares. The insider’s holdings dropped to 1,050,000 shares worth approximately $1.02 million following the completion of this transaction.
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Also, GROSS JONATHAN S purchased 120,000 shares, netting a total of over 80,400 in proceeds. Following the buying of shares at $0.67 each, the insider now holds 460,000 shares.
Before that, GROSS JONATHAN S had added 100,000 shares to its account. In a trade valued at $61,000, the Director bought Tellurian Inc shares for $0.61 each. Upon closing the transaction, the insider’s holdings increased to 100,000 shares, worth approximately $0.33 million.
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 surge of approximately 4.20%. Over the course of the year, Tellurian Inc shares have jumped approximately 28.39%. 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 $0.9134, while a 200-day SMA reached $0.7004. Nevertheless, trading volume fell to 48.31 million shares from 57.95 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 0.9682, which, if violated, would cause prices to drop to 0.9664. In the upper region, resistance lies at 0.9722. The next price resistance is at 0.9744. RSI (Relative Strength Index) is 64.40 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0239, which suggests the price will decrease in the coming days. Percent R is at 3.61%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
