International Seaways Inc’s recently made public that its Senior Vice President Nugent William F. unloaded Company’s shares for reported $51239.0 on Sep 30 ’24. In the deal valued at $51.24 per share,1,000 shares were sold. As a result of this transaction, Nugent William F. now holds 52,803 shares worth roughly $2.86 million.
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Then, Zabrocky Lois K sold 2,000 shares, generating $100,602 in total proceeds. Upon selling the shares at $50.30, the President & CEO now owns 155,475 shares.
Before that, Blankenship Alexandra Kate sold 5,000 shares. International Seaways Inc shares valued at $245,826 were divested by the Director at a price of $49.17 per share. As a result of the transaction, Blankenship Alexandra Kate now holds 16,109 shares, worth roughly $0.87 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 Monday, International Seaways Inc [NYSE:INSW] saw its stock jump 1.18% to $54.13. Over the last five days, the stock has gained 4.98%. International Seaways Inc shares have risen nearly 28.89% since the year began. Nevertheless, the stocks have risen 39.40% over the past one year. While a 52-week high of $62.33 was reached on 05/28/24, a 52-week low of $36.90 was recorded on 01/02/24. SMA at 50 days reached $51.02, while 200 days put it at $53.97.
Levels Of Support And Resistance For INSW Stock
The 24-hour chart illustrates a support level at 53.66, which if violated will result in even more drops to 53.19. On the upside, there is a resistance level at 54.45. A further resistance level may holdings at 54.76. The Relative Strength Index (RSI) on the 14-day chart is 63.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.02, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 14.26%. Stochastics %K at 84.07% indicates the stock is a selling.
How much short interest is there in International Seaways Inc?
A steep rise in short interest was recorded in International Seaways Inc stocks on 2024-09-13, dropping by 50611.0 shares to a total of 0.86 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 0.91 million shares. There was a decline of -5.87%, which implies that there is a negative sentiment for the stock.
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.
