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Keeping an Eye on Overseas Shipholding Group, Inc. (OSG) After Insider Trading Activity

Overseas Shipholding Group, Inc.’s recent filing unveils that its President and CEO Norton Samuel H unloaded Company’s shares for reported $0.34 million on May 15 ’24. In the deal valued at $6.74 per share,50,000 shares were sold. As a result of this transaction, Norton Samuel H now holds 2,457,479 shares worth roughly $20.86 million.

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Then, Norton Samuel H sold 29,663 shares, generating $175,712 in total proceeds. Upon selling the shares at $5.92, the President and CEO now owns 2,507,479 shares.

Before that, Norton Samuel H sold 20,337 shares. Overseas Shipholding Group, Inc. shares valued at $121,705 were divested by the President and CEO at a price of $5.98 per share. As a result of the transaction, Norton Samuel H now holds 2,537,142 shares, worth roughly $21.54 million.

Price Performance Review of OSG

On Tuesday, Overseas Shipholding Group, Inc. [NYSE:OSG] saw its stock jump 0.12% to $8.49. Over the last five days, the stock has gained 0.35%. Overseas Shipholding Group, Inc. shares have risen nearly 61.10% since the year began. Nevertheless, the stocks have risen 103.60% over the past one year. While a 52-week high of $8.50 was reached on 06/27/24, a 52-week low of $3.95 was recorded on 01/11/24. SMA at 50 days reached $7.63, while 200 days put it at $5.95. A total of 2.0 million shares were traded, compared to the trading of 0.4 million shares in the previous session.

Levels Of Support And Resistance For OSG Stock

The 24-hour chart illustrates a support level at 8.48, which if violated will result in even more drops to 8.48. On the upside, there is a resistance level at 8.49. A further resistance level may holdings at 8.50. The Relative Strength Index (RSI) on the 14-day chart is 79.32, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 16.67%. Stochastics%K at 73.81% indicates the stock is a holding.

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