Dorian LPG Ltd’s recent filing unveils that its President and CEO HADJIPATERAS JOHN C acquired Company’s shares for reported $0.21 million on Jan 12 ’24. In the deal valued at $42.58 per share,5,000 shares were bought. As a result of this transaction, HADJIPATERAS JOHN C now holds 1,777,740 shares worth roughly $66.97 million.
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Then, Tan Christina sold 4,371 shares, generating $194,510 in total proceeds. Upon selling the shares at $44.50, the Director now owns 0 shares.
Before that, Tan Christina sold 5,629 shares. Dorian LPG Ltd shares valued at $250,490 were divested by the Director at a price of $44.50 per share. As a result of the transaction, Tan Christina now holds 4,371 shares, worth roughly $0.16 million.
DNB Markets downgraded its Dorian LPG Ltd [LPG] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in mid November from “a Hold” to “a Buy”. Pareto also remained covering LPG and has increased its forecast on October 16, 2023 with a “Buy” recommendation from previously “Hold” rating. Jefferies revised its rating on August 03, 2023. It rated LPG as “a Hold” which previously was an “a Buy”.
Price Performance Review of LPG
On Monday, Dorian LPG Ltd [NYSE:LPG] saw its stock fall -0.97% to $37.67. Over the last five days, the stock has gained 1.29%. Dorian LPG Ltd shares have fallen nearly -11.82% since the year began. Nevertheless, the stocks have risen 110.12% over the past one year. While a 52-week high of $48.24 was reached on 01/05/24, a 52-week low of $16.66 was recorded on 02/20/24. SMA at 50 days reached $37.52, while 200 days put it at $33.33. A total of 0.56 million shares were traded, compared to the trading of 0.66 million shares in the previous session.
Levels Of Support And Resistance For LPG Stock
The 24-hour chart illustrates a support level at 37.20, which if violated will result in even more drops to 36.73. On the upside, there is a resistance level at 38.37. A further resistance level may holdings at 39.06. The Relative Strength Index (RSI) on the 14-day chart is 53.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 41.27%. Stochastics %K at 73.86% indicates the stock is a holding.
How much short interest is there in Dorian LPG Ltd?
A steep rise in short interest was recorded in Dorian LPG Ltd stocks on Feb 29, 2024, growing by 0.51 million shares to a total of 3.66 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 3.15 million shares. There was a rise of 13.93%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 12.72% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.39.
