Overseas Shipholding Group, Inc.’s recent filing unveils that its President and CEO Norton Samuel H unloaded Company’s shares for reported $0.18 million on Apr 16 ’24. In the deal valued at $5.92 per share,29,663 shares were sold. As a result of this transaction, Norton Samuel H now holds 2,507,479 shares worth roughly $15.35 million.
Then, Norton Samuel H sold 20,337 shares, generating $121,705 in total proceeds. Upon selling the shares at $5.98, the President and CEO now owns 2,537,142 shares.
Before that, Norton Samuel H sold 50,000 shares. Overseas Shipholding Group, Inc. shares valued at $302,645 were divested by the President and CEO at a price of $6.05 per share. As a result of the transaction, Norton Samuel H now holds 2,352,388 shares, worth roughly $14.4 million.
Price Performance Review of OSG
On Tuesday, Overseas Shipholding Group, Inc. [NYSE:OSG] saw its stock jump 1.49% to $6.12. Over the last five days, the stock has gained 2.51%. Overseas Shipholding Group, Inc. shares have risen nearly 16.13% since the year began. Nevertheless, the stocks have risen 73.37% over the past one year. While a 52-week high of $6.74 was reached on 02/12/24, a 52-week low of $3.43 was recorded on 01/11/24. SMA at 50 days reached $6.15, while 200 days put it at $5.09. A total of 0.24 million shares were traded, compared to the trading of 0.38 million shares in the previous session.
Levels Of Support And Resistance For OSG Stock
The 24-hour chart illustrates a support level at 6.05, which if violated will result in even more drops to 5.99. On the upside, there is a resistance level at 6.16. A further resistance level may holdings at 6.21. The Relative Strength Index (RSI) on the 14-day chart is 51.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.14%. Stochastics %K at 30.43% indicates the stock is a holding.
