Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. International Seaways Inc shares valued at $54,154 were sold by Zabrocky Lois K on Apr 01 ’24. At $54.15 per share, Zabrocky Lois K sold 1,000 shares. The insider’s holdings dropped to 139,598 shares worth approximately $7.78 million following the completion of this transaction.
Also, Pribor Jeffrey sold 1,000 shares, netting a total of over 53,390 in proceeds. Following the sale of shares at $53.39 each, the insider now holds 69,010 shares.
Before that, WHEAT DOUGLAS D had sold 3,846 shares from its account. In a trade valued at $197,010, the Director traded International Seaways Inc shares for $51.22 each. Upon closing the transaction, the insider’s holdings decreased to 3,846 shares, worth approximately $1.45 million.
As published in their initiating research note from Deutsche Bank on October 11, 2022, International Seaways Inc [INSW] has been a Buy and the price target has been revised to $40. Analysts at BTIG Research upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late July. As of July 21, 2022, Jefferies has initiated its “Buy” rating for INSW.
Analyzing INSW Stock Performance
During the last five days, there has been a surge of approximately 2.13%. Over the course of the year, International Seaways Inc shares have jumped approximately 25.46%. Shares of the company reached a 52-week high of $56.17 on 05/02/24 and a 52-week low of $46.22 on 01/02/24. A 50-day SMA is recorded $53.03, while a 200-day SMA reached $47.88. Nevertheless, trading volume fell to 0.69 million shares from 0.76 million shares the previous day.
Support And Resistance Levels for International Seaways Inc (INSW)
According to the 24-hour chart, there is a support level at 55.00, which, if violated, would cause prices to drop to 54.25. In the upper region, resistance lies at 56.33. The next price resistance is at 56.91. RSI (Relative Strength Index) is 62.49 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.35, which suggests the price will increase in the coming days. Percent R is at 8.89%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
Which companies own the most shares of International Seaways Inc (INSW)?
On March 29, 2021, H.C. Wainwright assigned a price target of “a Buy” to the stock and initiated coverage with a $30.
