Tesla Motors (NASDAQ:TSLA) has tumbled 1.52% during the past week and has dropped 2.18% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 0.34%. Tesla Motors (NASDAQ:TSLA) has underperformed the index by 3.08% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Tesla Motors (NASDAQ:TSLA): The stock opened at $217.81 on Friday but the bulls could not build on the opening and the stock topped out at $219.99 for the day. The stock traded down to $214.50 during the day, due to lack of any buying support eventually closed down at $215.47 with a loss of -1.13% for the day. The stock had closed at $217.93 on the previous day. The total traded volume was 3,112,620 shares.
The company shares have dropped -17.06% from its 1 Year high price. On Jul 20, 2015, the shares registered one year high at $286.65 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $219.09 and the 200 Day Moving Average price is recorded at $215.92.
On the companys insider trading activities,The director of Tesla Motors Inc, Musk Kimbal sold 460 shares at $224.37 on June 13, 2016. The Insider selling transaction had a total value worth of $103,210. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Piper Jaffray initiates coverage on Tesla Motors (NASDAQ:TSLA) The brokerage firm has issued a Neutral rating on the shares. The Analysts at the ratings agency announces the price target to $223 per share. The rating by the firm was issued on June 9, 2016. Currently the company Insiders own 27.7% of Tesla Motors shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 0.55% . Institutional Investors own 66.6% of Tesla Motors shares. During last six month period, the net percent change held by insiders has seen a change of -7.54%.
Tesla Motors, Inc. is a United States-based company, which designs, develops, manufactures and sells electric vehicles, electric vehicle powertrain components and stationary energy storage systems. The Company sells and produces a vehicle under the name Model S, which is a fully electric, four-door, five-adult passenger sedan. In addition to developing its own vehicles, it develops, sells, and services full electric powertrain systems and components to other automobile manufacturers. It also produces and sells stationary energy storage products for use in homes, commercial sites and utilities. The applications for these battery systems include backup power, peak demand reduction, demand response and wholesale electric market services. It sells its vehicles through its own sales and service network. The Company also offers the Model X electric car, Supercharger charging stations and Powerwall, a home battery.