Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Dorian LPG Ltd shares valued at $90,300 were sold by Hadjipateras Alexander C. on Aug 05 ’24. At $36.12 per share, Hadjipateras Alexander C. sold 2,500 shares. The insider’s holdings dropped to 82,823 shares worth approximately $2.5 million following the completion of this transaction.
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Also, HADJIPATERAS JOHN C purchased 5,000 shares, netting a total of over 212,900 in proceeds. Following the buying of shares at $42.58 each, the insider now holds 1,777,740 shares.
Before that, Young Theodore B. had sold 5,000 shares from its account. In a trade valued at $216,250, the Chief Financial Officer traded Dorian LPG Ltd shares for $43.25 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $2.68 million.
As published in a research note from DNB Markets on July 03, 2024, Dorian LPG Ltd [LPG] has been rated up from a Hold to a Buy and the price target has been revised to $52. Analysts at DNB Markets downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in late January. As of November 20, 2023, Jefferies has increased its “Hold” rating to a “Buy” for LPG. Earlier on October 16, 2023, Pareto upgraded its rating. Their new recommendation was “a Buy” for LPG stock which previously was a “a Hold”.
Analyzing LPG Stock Performance
During the last five days, there has been a drop of approximately -8.76%. Over the course of the year, Dorian LPG Ltd shares have dropped approximately -25.54%. Nevertheless, trading volume fell to 0.61 million shares from 0.59 million shares the previous day.
Support And Resistance Levels for Dorian LPG Ltd (LPG)
RSI (Relative Strength Index) is 24.90 on the 14-day chart, showing oversold technical sentiment.
