Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Overseas Shipholding Group, Inc. shares valued at $336,975 were sold by Norton Samuel H on May 15 ’24. At $6.74 per share, Norton Samuel H sold 50,000 shares. The insider’s holdings dropped to 2,457,479 shares worth approximately $20.72 million following the completion of this transaction.
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Also, Norton Samuel H sold 29,663 shares, netting a total of over 175,712 in proceeds. Following the sale of shares at $5.92 each, the insider now holds 2,507,479 shares.
Before that, Norton Samuel H had sold 20,337 shares from its account. In a trade valued at $121,705, the President and CEO traded Overseas Shipholding Group, Inc. shares for $5.98 each. Upon closing the transaction, the insider’s holdings decreased to 20,337 shares, worth approximately $21.39 million.
Analyzing OSG Stock Performance
During the last five days, there has been a surge of approximately 25.82%. Over the course of the year, Overseas Shipholding Group, Inc. shares have jumped approximately 59.96%. Shares of the company reached a 52-week high of $8.46 on 05/20/24 and a 52-week low of $5.04 on 01/11/24. A 50-day SMA is recorded $6.43, while a 200-day SMA reached $5.39. Nevertheless, trading volume fell to 1.18 million shares from 7.3 million shares the previous day.
Support And Resistance Levels for Overseas Shipholding Group, Inc. (OSG)
According to the 24-hour chart, there is a support level at 8.42, which, if violated, would cause prices to drop to 8.40. In the upper region, resistance lies at 8.44. The next price resistance is at 8.44. RSI (Relative Strength Index) is 83.12 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.26, which suggests the price will increase in the coming days. Percent R is at 1.34%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
