International Seaways Inc’s recently made public that its Senior Vice President Nugent William F. unloaded Company’s shares for reported $0.19 million on May 21 ’24. In the deal valued at $64.70 per share,3,000 shares were sold. As a result of this transaction, Nugent William F. now holds 54,803 shares worth roughly $3.57 million.
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Then, Kronsberg Joseph Isaac sold 5,035 shares, generating $313,695 in total proceeds. Upon selling the shares at $62.30, the Director now owns 6,725 shares.
Before that, Oshodi Adewale sold 100 shares. International Seaways Inc shares valued at $6,210 were divested by the Vice President & Controller at a price of $62.10 per share. As a result of the transaction, Oshodi Adewale now holds 6,226 shares, worth roughly $0.41 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 Friday, International Seaways Inc [NYSE:INSW] saw its stock jump 1.58% to $65.13. Over the last five days, the stock has gained 2.87%. International Seaways Inc shares have risen nearly 46.59% since the year began. Nevertheless, the stocks have risen 95.02% over the past one year. While a 52-week high of $65.11 was reached on 05/24/24, a 52-week low of $30.99 was recorded on 01/02/24. SMA at 50 days reached $56.07, while 200 days put it at $49.55. A total of 0.36 million shares were traded, compared to the trading of 0.41 million shares in the previous session.
Levels Of Support And Resistance For INSW Stock
The 24-hour chart illustrates a support level at 64.64, which if violated will result in even more drops to 64.14. On the upside, there is a resistance level at 65.47. A further resistance level may holdings at 65.81. The Relative Strength Index (RSI) on the 14-day chart is 78.04, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.75, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.09%. Stochastics %K at 91.76% 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.
