International Seaways Inc’s recently made public that its President & CEO Zabrocky Lois K unloaded Company’s shares for reported $54884.0 on May 01 ’24. In the deal valued at $54.88 per share,1,000 shares were sold. As a result of this transaction, Zabrocky Lois K now holds 159,475 shares worth roughly $8.98 million.
Then, Pribor Jeffrey sold 1,000 shares, generating $54,872 in total proceeds. Upon selling the shares at $54.87, the SVP,Chief Financial Officer &T now owns 76,849 shares.
Before that, Zabrocky Lois K sold 1,000 shares. International Seaways Inc shares valued at $54,154 were divested by the President & CEO at a price of $54.15 per share. As a result of the transaction, Zabrocky Lois K now holds 139,598 shares, worth roughly $7.86 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 Monday, International Seaways Inc [NYSE:INSW] saw its stock jump 0.28% to $56.33. Over the last five days, the stock has gained 1.42%. International Seaways Inc shares have risen nearly 26.79% since the year began. Nevertheless, the stocks have risen 76.82% over the past one year. While a 52-week high of $56.77 was reached on 05/06/24, a 52-week low of $30.99 was recorded on 01/02/24. SMA at 50 days reached $53.22, while 200 days put it at $48.08. A total of 0.62 million shares were traded, compared to the trading of 0.73 million shares in the previous session.
Levels Of Support And Resistance For INSW Stock
The 24-hour chart illustrates a support level at 56.01, which if violated will result in even more drops to 55.69. On the upside, there is a resistance level at 56.86. A further resistance level may holdings at 57.39. The Relative Strength Index (RSI) on the 14-day chart is 64.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.66, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.90%. Stochastics %K at 89.05% indicates the stock is a selling.
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.
