Tellurian Inc. (TELL) has Gapped Down by 6.48% on 9.8M Volume

Here are some reasons it may have gapped down:

1) Disappointing Financial Results: TELL reported a wider-than-expected loss in its Q2 2024 financial results, released after the market closed on Sep 10th.
2) Production Delays: The company announced a delay in the start-up of its Driftwood LNG export facility, pushing back the expected production timeline.
3) Negative Analyst Coverage: Several analysts downgraded their ratings on TELL following the earnings release, citing concerns over the company’s financial performance and project delays.

News Headlines (Last 5 Days):

Sep 11, 2024: Tellurian Shares Tumble After Disappointing Earnings, Production Delay
Sep 10, 2024: Tellurian Reports Wider-Than-Expected Q2 Loss, Delays Driftwood LNG Start-Up
Sep 9, 2024: Analysts Downgrade Tellurian on Earnings, Project Concerns
Sep 8, 2024: Tellurian Announces $500 Million Equity Offering
Sep 7, 2024: LNG Market Outlook Uncertain as Global Recession Fears Rise

Additional Information:

Short Interest: 6.5%
Analyst Ratings: 3 Buy, 6 Hold, 3 Sell
Technical Factors: The stock has broken below its 50-day moving average and is approaching its 200-day moving average.”