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 $1,030,980 were purchased by Control Empresarial de Capital on Sep 27 ’24. At $10.31 per share, Control Empresarial de Capital acquired 100,000 shares. The insider’s holdings grew to 43,545,604 shares worth approximately $508.61 million following the completion of this transaction.
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Also, Control Empresarial de Capital purchased 336,700 shares, netting a total of over 3,430,502 in proceeds. Following the buying of shares at $10.19 each, the insider now holds 43,445,604 shares.
Before that, Control Empresarial de Capital had added 250,000 shares to its account. In a trade valued at $2,628,825, the Add’l Rep. Persons-see Ex.99-1 bought Talos Energy Inc shares for $10.52 each. Upon closing the transaction, the insider’s holdings increased to 250,000 shares, worth approximately $503.51 million.
As published in their initiating research note from Mizuho on September 19, 2024, Talos Energy Inc [TALO] has been an Outperform and the price target has been revised to $16. Analysts at Goldman started covering the stock with ‘”a Buy”‘ outlook in a report released in late July. As of March 22, 2024, Citigroup has initiated its “Buy” rating for TALO. Earlier on November 21, 2023, Canaccord Genuity initiated its rating. Their recommendation was “a Buy” for TALO stock.
Analyzing TALO Stock Performance
During the last five days, there has been a surge of approximately 14.51%. Over the course of the year, Talos Energy Inc shares have dropped approximately -17.92%. Shares of the company reached a 52-week high of $14.77 on 01/04/24 and a 52-week low of $9.44 on 10/23/24. A 50-day SMA is recorded $10.73, while a 200-day SMA reached $11.97. Nevertheless, trading volume fell to 3.0 million shares from 2.81 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 11.19, which, if violated, would cause prices to drop to 10.71. In the upper region, resistance lies at 12.03. The next price resistance is at 12.39. RSI (Relative Strength Index) is 65.94 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.78, which suggests the price will decrease in the coming days. Percent R is at 8.94%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
