Why Tellurian Stock Plummeted Today
(NYSEMKT: TELL) stock saw dramatic sell-offs in Friday's trading. The company's share price closed out the daily session down 13.6%, according to data from S&P Global Market Intelligence.
Tellurian published a press release yesterday announcing that it had hired a financial advisor to help with balance sheet management, prompting big pullbacks for its share price. While there wasn't anything in the press release that explicitly pointed to bearish developments for the company, it's likely that many investors see the move as a sign that the liquefied natural gas (LNG) specialist may be moving closer to bankruptcy.
When a company that has been struggling financially announces that it has hired a new financial advisor, investors have been conditioned to interpret the development as a negative sign. In many cases, these announcements are followed by developments that advance major restructuring initiatives or potential bankruptcy proceedings.
Source Fool.com
Tellurian Inc Stock
With 2 Sell predictions and 0 Buy predictions the community sentiment towards the Tellurian Inc stock is not clear.
