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 $98,448 were sold by Zabrocky Lois K on Oct 15 ’24. At $49.22 per share, Zabrocky Lois K sold 2,000 shares. The insider’s holdings dropped to 153,475 shares worth approximately $6.92 million following the completion of this transaction.
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Also, Nugent William F. sold 1,000 shares, netting a total of over 51,239 in proceeds. Following the sale of shares at $51.24 each, the insider now holds 52,803 shares.
Before that, Zabrocky Lois K had sold 2,000 shares from its account. In a trade valued at $100,602, the President & CEO traded International Seaways Inc shares for $50.30 each. Upon closing the transaction, the insider’s holdings decreased to 2,000 shares, worth approximately $7.01 million.
As published in a research note from Stifel on October 23, 2024, International Seaways Inc [INSW] has been rated down from a Buy to a Hold and the price target has been revised to $56 from $69. Analysts at Deutsche Bank started covering the stock with ‘”a Buy”‘ outlook in a report released in mid October. As of July 27, 2022, BTIG Research has increased its “Neutral” rating to a “Buy” for INSW. Earlier on July 21, 2022, Jefferies initiated its rating. Their recommendation was “a Buy” for INSW stock.
Analyzing INSW Stock Performance
During the last five days, there has been a drop of approximately -8.06%. Over the course of the year, International Seaways Inc shares have jumped approximately 7.34%. Nevertheless, trading volume fell to 1.35 million shares from 0.95 million shares the previous day.
Support And Resistance Levels for International Seaways Inc (INSW)
RSI (Relative Strength Index) is 29.89 on the 14-day chart, showing oversold technical sentiment.
