Top Buys by Directors: Kessler's $213.6K Bet on TELL

By Energy Stock Channel Staff, Thursday, April 29, 1:05 PM ET

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Top Insider Buys By Company Directors »

The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by company directors over the trailing six month period, one of which was a total of $213.6K by Diana Derycz Kessler, Director at Tellurian Inc (AMEX:TELL).

Kessler bets big on TELL:

Purchased	Insider	Title	Shares	Price/Share	Value
04/27/2021	Diana Derycz Kessler	Director	100,000	$2.14	$213,630.00

Kessler's average cost works out to $2.14/share. Shares of Tellurian Inc were changing hands at $2.23 at last check, trading down about 1.1% on Thursday. The chart below shows the one year performance of TELL shares, versus its 200 day moving average:

Tellurian Inc Chart

Looking at the chart above, TELL's low point in its 52 week range is $0.6802 per share, with $4.385 as the 52 week high point — that compares with a last trade of $2.23.

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Top Buys by Directors: Kessler's $213.6K Bet on TELL

Top Buys by Directors: Kessler's $213.6K Bet on TELL | www.EnergyStockChannel.com