International Seaways Inc (INSW) rating initates by Deutsche Bank

International Seaways Inc’s recent filing unveils that its Director Blankenship Alexandra Kate unloaded Company’s shares for reported $0.32 million on Mar 08 ’24. In the deal valued at $53.09 per share,6,000 shares were sold. As a result of this transaction, Blankenship Alexandra Kate now holds 19,098 shares worth roughly $0.99 million.

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Then, Zabrocky Lois K sold 13,760 shares, generating $727,552 in total proceeds. Upon selling the shares at $52.87, the President & CEO now owns 148,942 shares.

Before that, Pribor Jeffrey sold 1,000 shares. International Seaways Inc shares valued at $53,090 were divested by the SVP,Chief Financial Officer &T at a price of $53.09 per share. As a result of the transaction, Pribor Jeffrey now holds 82,161 shares, worth roughly $4.27 million.

Deutsche Bank initiated its International Seaways Inc [INSW] rating to a Buy in a research note published on October 11, 2022; the price target was $40. A number of analysts have revised their coverage, including BTIG Research’s analysts, who increased its forecast for the stock in late July from “a Neutral” to “a Buy”. Jefferies began covering INSW with “Buy” recommendation on July 21, 2022.

Price Performance Review of INSW

On Tuesday, International Seaways Inc [NYSE:INSW] saw its stock jump 0.44% to $51.95. Over the last five days, the stock has lost -1.59%. International Seaways Inc shares have risen nearly 14.23% since the year began. Nevertheless, the stocks have risen 25.86% over the past one year. While a 52-week high of $54.95 was reached on 03/01/24, a 52-week low of $31.72 was recorded on 01/02/24. SMA at 50 days reached $51.50, while 200 days put it at $44.97. A total of 0.55 million shares were traded, compared to the trading of 0.44 million shares in the previous session.

Levels Of Support And Resistance For INSW Stock

The 24-hour chart illustrates a support level at 51.70, which if violated will result in even more drops to 51.46. On the upside, there is a resistance level at 52.24. A further resistance level may holdings at 52.54. The Relative Strength Index (RSI) on the 14-day chart is 49.21, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.60%. Stochastics %K at 44.83% indicates the stock is a holding.

How much short interest is there in International Seaways Inc?

A steep rise in short interest was recorded in International Seaways Inc stocks on Feb 29, 2024, dropping by 50000.0 shares to a total of 1.23 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 1.28 million shares. There was a decline of -4.07%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.07% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.3.

The most recent change occurred on March 29, 2021 when H.C. Wainwright began covering the stock and recommended ‘”a Buy”‘ rating along with a $30 price target.

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