Cheniere Energy (NYSEMKT:LNG) has risen sharply, recording gains of 10.05% in the past 4 weeks. However, the stock has corrected -2.56% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 8.3% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The company shares have dropped -44.07% from its 1 Year high price. On Aug 10, 2015, the shares registered one year high at $71.11 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $34.84 and the 200 Day Moving Average price is recorded at $34.15.
The stock has recorded a 20-day Moving Average of 6.23% and the 50-Day Moving Average is 7.6%.
Cheniere Energy (NYSEMKT:LNG): stock turned positive on Friday. Though the stock opened at $37.48, the bulls momentum made the stock top out at $38.08 level for the day. The stock recorded a low of $37.06 and closed the trading day at $37.66, in the green by 1.51%. The total traded volume for the day was 2,057,378. The stock had closed at $37.1 in the previous days trading.
In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the Ceo of CHENIERE ENERGY INC, Fusco Jack A, had purchased 29,000 shares in a transaction dated on June 27, 2016. The transaction was executed at $34.27 per share with total amount equaling $993,830.
Cheniere Energy, Inc. is an energy company engaged in Liquefied natural gas (LNG) businesses. The Company operates through two segments: LNG terminal business, and LNG and natural gas marketing business The Company owns and operates the Sabine Pass LNG terminal in Louisiana through its ownership interest in and management agreements with Cheniere Energy Partners, L.P. (Cheniere Partners), which is a publicly traded limited partnership. The Company owns 100% of the general partner interest in Cheniere Partners and 80.1% of Cheniere Energy Partners LP Holdings, LLC (Cheniere Holdings), which is a publicly traded limited liability company that owns a 55.9% limited partner interest in Cheniere Partners. The Company is engaged in the development of two LNG terminal projects: the Sabine Pass LNG terminal in western Cameron Parish, Louisiana, and the Corpus Christi LNG terminal near Corpus Christi, Texas.