Overseas Shipholding Group, Inc.’s recently made public 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 $15.8 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 $14.82 million.
Price Performance Review of OSG
On Tuesday, Overseas Shipholding Group, Inc. [NYSE:OSG] saw its stock jump 0.32% to $6.30. Over the last five days, the stock has gained 3.62%. Overseas Shipholding Group, Inc. shares have risen nearly 19.54% since the year began. Nevertheless, the stocks have risen 60.71% over the past one year. While a 52-week high of $6.74 was reached on 02/12/24, a 52-week low of $3.59 was recorded on 01/11/24. SMA at 50 days reached $6.13, while 200 days put it at $5.20. A total of 0.24 million shares were traded, compared to the trading of 0.33 million shares in the previous session.
Levels Of Support And Resistance For OSG Stock
The 24-hour chart illustrates a support level at 6.25, which if violated will result in even more drops to 6.19. On the upside, there is a resistance level at 6.37. A further resistance level may holdings at 6.43. The Relative Strength Index (RSI) on the 14-day chart is 59.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.00%. Stochastics %K at 75.73% indicates the stock is a holding.
