The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. International Seaways Inc shares valued at $100,602 were sold by Zabrocky Lois K on Sep 16 ’24. At $50.30 per share, Zabrocky Lois K sold 2,000 shares. The insider’s holdings dropped to 155,475 shares worth approximately $8.05 million following the completion of this transaction.
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Also, Blankenship Alexandra Kate sold 5,000 shares, netting a total of over 245,826 in proceeds. Following the sale of shares at $49.17 each, the insider now holds 16,109 shares.
Before that, Solon Derek G. had sold 1,000 shares from its account. In a trade valued at $49,750, the Senior Vice President traded International Seaways Inc shares for $49.75 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $2.43 million.
As published in their initiating research note from Deutsche Bank on October 11, 2022, International Seaways Inc [INSW] has been a Buy and the price target has been revised to $40. Analysts at BTIG Research upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late July. As of July 21, 2022, Jefferies has initiated its “Buy” rating for INSW.
Analyzing INSW Stock Performance
During the last five days, there has been a surge of approximately 5.43%. Over the course of the year, International Seaways Inc shares have jumped approximately 23.34%. Shares of the company reached a 52-week high of $65.94 on 05/28/24 and a 52-week low of $46.22 on 01/02/24. A 50-day SMA is recorded $52.07, while a 200-day SMA reached $53.52. Nevertheless, trading volume fell to 0.53 million shares from 0.45 million shares the previous day.
Support And Resistance Levels for International Seaways Inc (INSW)
According to the 24-hour chart, there is a support level at 51.24, which, if violated, would cause prices to drop to 50.68. In the upper region, resistance lies at 52.11. The next price resistance is at 52.43. RSI (Relative Strength Index) is 61.23 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.22, which suggests the price will increase in the coming days. Percent R is at 14.95%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
Which companies own the most shares of International Seaways Inc (INSW)?
On March 29, 2021, H.C. Wainwright assigned a price target of “a Buy” to the stock and initiated coverage with a $30.
