Tesla, Inc. (NASDAQ:TSLA – Get Free Report) Director Robyn M. Denholm sold 93,705 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $184.86, for a total value of $17,322,306.30. Following the sale, the director now owns 15,000 shares in the company, valued at approximately $2,772,900. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Tesla Stock Down 3.8 %
TSLA stock traded down $6.95 during mid-day trading on Tuesday, reaching $177.81. The company had a trading volume of 74,627,156 shares, compared to its average volume of 104,115,875. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.17. The stock has a 50 day simple moving average of $173.12 and a two-hundred day simple moving average of $204.32. The company has a market capitalization of $567.07 billion, a price-to-earnings ratio of 45.36, a PEG ratio of 4.74 and a beta of 2.41. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $299.29.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. Wyrmwood Management LLC bought a new position in Tesla in the fourth quarter valued at approximately $25,000. Lam Group Inc. bought a new position in shares of Tesla during the 4th quarter worth approximately $25,000. Mendota Financial Group LLC boosted its stake in shares of Tesla by 202.2% during the 4th quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock worth $34,000 after acquiring an additional 91 shares during the period. OLD Point Trust & Financial Services N A bought a new position in shares of Tesla during the 4th quarter worth approximately $37,000. Finally, Guardian Wealth Management Inc. bought a new position in shares of Tesla during the 4th quarter worth approximately $47,000. 66.20% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
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Tesla Company Profile
Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.
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