T1 Energy Inc’s recently made public that its Director Slettemoen Tore Ivar unloaded Company’s shares for reported $0.74 million on Dec 18 ’24. In the deal valued at $1.88 per share,391,071 shares were sold. As a result of this transaction, Slettemoen Tore Ivar now holds 5,080,446 shares worth roughly $6.91 million.
Then, Slettemoen Tore Ivar sold 600,000 shares, generating $978,000 in total proceeds. Upon selling the shares at $1.63, the Director now owns 6,016,105 shares.
Before that, Slettemoen Tore Ivar sold 544,588 shares. T1 Energy Inc shares valued at $947,583 were divested by the Director at a price of $1.74 per share. As a result of the transaction, Slettemoen Tore Ivar now holds 5,471,517 shares, worth roughly $7.44 million.
BTIG Research upgraded its T1 Energy Inc [TE] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in mid November from “an Overweight” to “an Equal-weight”. BTIG Research also remained covering TE and has decreased its forecast on November 10, 2023 with a “Neutral” recommendation from previously “Buy” rating. TD Cowen revised its rating on October 25, 2023. It rated TE as “a Market perform” which previously was an “an Outperform”.
Price Performance Review of TE
On Monday, T1 Energy Inc [NYSE:TE] saw its stock fall -11.11% to $1.36. Over the last five days, the stock has lost -19.05%. T1 Energy Inc shares have fallen nearly -47.29% since the year began. Nevertheless, the stocks have fallen -18.07% over the past one year. While a 52-week high of $3.36 was reached on 01/07/25, a 52-week low of $0.91 was recorded on 03/03/25. SMA at 50 days reached $2.1172, while 200 days put it at $1.7050.
Levels Of Support And Resistance For TE Stock
The 24-hour chart illustrates a support level at 1.2733, which if violated will result in even more drops to 1.1867. On the upside, there is a resistance level at 1.5233. A further resistance level may holdings at 1.6867. The Relative Strength Index (RSI) on the 14-day chart is 28.12, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.2612, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.70%. Stochastics %K at 2.41% indicates the stock is a buying.
