Cheniere Energy (LNG) : Traders are bullish on Cheniere Energy (LNG) as it has outperformed the S&P 500 by a wide margin of 10.67% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.28%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.84% in the last 1 week, and is up 15.5% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 8.86% and the 50-Day Moving Average is 13.89%.
Cheniere Energy (NYSEMKT:LNG): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $39.80 and $39.28 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $40.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $39.86, notching a gain of 1.04% for the day. The total traded volume was 2,506,275 . The stock had closed at $39.45 on the previous day.
The company Insiders own 3% of Cheniere Energy shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -12.6% . Institutional Investors own 94.62% of Cheniere Energy shares. During last six month period, the net percent change held by insiders has seen a change of -14.33%. In a related news, Fusco Jack A, Ceo of CHENIERE ENERGY INC, executed a transaction worth $993,830 on June 27, 2016. A total of 29,000 shares were purchased at an average price of $34.27. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
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.