International Seaways Inc’s recent filing unveils that its Senior Vice President Nugent William F. unloaded Company’s shares for reported $43050.0 on Oct 31 ’24. In the deal valued at $43.05 per share,1,000 shares were sold. As a result of this transaction, Nugent William F. now holds 51,803 shares worth roughly $2.24 million.
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Then, Zabrocky Lois K sold 2,000 shares, generating $98,448 in total proceeds. Upon selling the shares at $49.22, the President & CEO now owns 153,475 shares.
Before that, Nugent William F. sold 1,000 shares. International Seaways Inc shares valued at $51,239 were divested by the Senior Vice President at a price of $51.24 per share. As a result of the transaction, Nugent William F. now holds 52,803 shares, worth roughly $2.28 million.
Stifel downgraded its International Seaways Inc [INSW] rating to a Hold from a a Buy in a research note published on October 23, 2024; the price target was decreased to $56 from $69. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in mid October with a ‘”a Buy”‘ rating. BTIG Research also remained covering INSW and has increased its forecast on July 27, 2022 with a “Buy” recommendation from previously “Neutral” rating. Jefferies started covering the stock on July 21, 2022. It rated INSW as “a Buy”.
Price Performance Review of INSW
On Monday, International Seaways Inc [NYSE:INSW] saw its stock fall -0.87% to $43.19. Over the last five days, the stock has lost -3.46%. International Seaways Inc shares have risen nearly 2.84% since the year began. Nevertheless, the stocks have fallen -3.40% over the past one year. While a 52-week high of $62.33 was reached on 05/28/24, a 52-week low of $38.86 was recorded on 10/31/24. SMA at 50 days reached $49.58, while 200 days put it at $53.87.
Levels Of Support And Resistance For INSW Stock
The 24-hour chart illustrates a support level at 42.90, which if violated will result in even more drops to 42.61. On the upside, there is a resistance level at 43.72. A further resistance level may holdings at 44.24. The Relative Strength Index (RSI) on the 14-day chart is 27.35, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.53, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.43%. Stochastics %K at 5.48% indicates the stock is a buying.
How much short interest is there in International Seaways Inc?
A steep rise in short interest was recorded in International Seaways Inc stocks on 2024-10-15, growing by 0.15 million shares to a total of 1.01 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 0.86 million shares. There was a rise of 14.92%, which implies that there is a positive sentiment for the stock.
