Why Tellurian Stock Is Surging Today
From Nasdaq:
Tellurian (NYSEMKT: TELL) stock is up 7.4% as of Thursday at 12:15 p.m. EST. Tellurian is issuing stock to extinguish debt, improving its financial situation. A filing with the SEC reveals increased stock ownership by High Trail Capital and Chatterjee Fund Management. The company faces bankruptcy risks but may avoid bankruptcy if it can show a meaningful turnaround and retain the new institutional investors’ confidence. However, The Motley Fool recommends caution before investing in Tellurian as it did not identify the stock among the 10 best to buy right now.
The article offers an analysis of Tellurian stock’s recent gains and institutional investments, which may improve Tellurian’s financial situation. However, the Motley Fool issues a warning against investing in Tellurian, suggesting other potential stocks for investors to consider.
Read more: Why Tellurian Stock Is Surging Today