Scorpio Tankers Inc’s recent filing unveils that its Officer Lauro Filippo acquired Company’s shares for reported $18.16 million on Oct 04 ’24. In the deal valued at $72.65 per share,250,000 shares were bought.
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Stifel downgraded its Scorpio Tankers Inc [STNG] rating to a Hold from a a Buy in a research note published on October 23, 2024; the price target was decreased to $65 from $90. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in late July from “a Buy” to “a Neutral”. Deutsche Bank also remained covering STNG and has increased its forecast on June 30, 2023 with a “Buy” recommendation from previously “Hold” rating. JP Morgan started covering the stock on March 08, 2023. It rated STNG as “an Overweight”.
Price Performance Review of STNG
On Tuesday, Scorpio Tankers Inc [NYSE:STNG] saw its stock fall -2.67% to $59.32. Over the last five days, the stock has lost -8.40%. Scorpio Tankers Inc shares have fallen nearly -2.43% since the year began. Nevertheless, the stocks have risen 2.77% over the past one year. While a 52-week high of $84.67 was reached on 06/27/24, a 52-week low of $52.68 was recorded on 10/29/24. SMA at 50 days reached $68.84, while 200 days put it at $72.36.
Levels Of Support And Resistance For STNG Stock
The 24-hour chart illustrates a support level at 56.32, which if violated will result in even more drops to 53.33. On the upside, there is a resistance level at 61.31. A further resistance level may holdings at 63.31. The Relative Strength Index (RSI) on the 14-day chart is 23.57, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.58, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.20%. Stochastics %K at 12.52% indicates the stock is a buying.
How much short interest is there in Scorpio Tankers Inc?
A steep rise in short interest was recorded in Scorpio Tankers Inc stocks on 2024-10-15, growing by 0.12 million shares to a total of 3.28 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 3.16 million shares. There was a rise of 3.52%, which implies that there is a positive sentiment for the stock.
