Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Dorian LPG Ltd shares valued at $212,900 were purchased by HADJIPATERAS JOHN C on Jan 12 ’24. At $42.58 per share, HADJIPATERAS JOHN C acquired 5,000 shares. The insider’s holdings grew to 1,777,740 shares worth approximately $68.0 million following the completion of this transaction.
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Also, Tan Christina sold 4,371 shares, netting a total of over 194,510 in proceeds. Following the sale of shares at $44.50 each, the insider now holds 0 shares.
Before that, Tan Christina had sold 5,629 shares from its account. In a trade valued at $250,490, the Director traded Dorian LPG Ltd shares for $44.50 each. Upon closing the transaction, the insider’s holdings decreased to 5,629 shares, worth approximately $0.17 million.
As published in a research note from DNB Markets on January 26, 2024, Dorian LPG Ltd [LPG] has been rated down from a Buy to a Hold. Analysts at Jefferies upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in mid November. As of October 16, 2023, Pareto has increased its “Hold” rating to a “Buy” for LPG. Earlier on August 03, 2023, Jefferies downgraded its rating. Their new recommendation was “a Hold” for LPG stock which previously was a “a Buy”.
Analyzing LPG Stock Performance
During the last five days, there has been a surge of approximately 2.30%. Over the course of the year, Dorian LPG Ltd shares have dropped approximately -10.46%. Shares of the company reached a 52-week high of $49.54 on 01/05/24 and a 52-week low of $33.03 on 02/20/24. A 50-day SMA is recorded $37.71, while a 200-day SMA reached $33.18. Nevertheless, trading volume fell to 0.66 million shares from 0.44 million shares the previous day.
Support And Resistance Levels for Dorian LPG Ltd (LPG)
According to the 24-hour chart, there is a support level at 37.62, which, if violated, would cause prices to drop to 37.00. In the upper region, resistance lies at 38.65. The next price resistance is at 39.06. RSI (Relative Strength Index) is 57.38 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.49, which suggests the price will decrease in the coming days. Percent R is at 16.22%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Dorian LPG Ltd subject to short interest?
Stocks of Dorian LPG Ltd saw a sharp rise in short interest on Feb 29, 2024 jumping by 0.51 million shares to 3.66 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 3.15 million shares. A jump of 13.93% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.39 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.39.
