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Analyzing Dorian LPG Ltd (LPG) After Recent Trading Activity

Dorian LPG Ltd’s filing revealed that its Chief Operating Officer Hadjipateras Alexander C. unloaded Company’s shares for reported $90300.0 on Aug 05 ’24. In the deal valued at $36.12 per share,2,500 shares were sold. As a result of this transaction, Hadjipateras Alexander C. now holds 82,823 shares worth roughly $2.04 million.

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Then, HADJIPATERAS JOHN C bought 5,000 shares, generating $212,900 in total proceeds. Upon buying the shares at $42.58, the President and CEO now owns 1,777,740 shares.

Before that, Young Theodore B. sold 5,000 shares. Dorian LPG Ltd shares valued at $216,250 were divested by the Chief Financial Officer at a price of $43.25 per share. As a result of the transaction, Young Theodore B. now holds 88,720 shares, worth roughly $2.18 million.

DNB Markets upgraded its Dorian LPG Ltd [LPG] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including DNB Markets’s analysts, who decreased its forecast for the stock in late January from “a Buy” to “a Hold”. Jefferies also remained covering LPG and has increased its forecast on November 20, 2023 with a “Buy” recommendation from previously “Hold” rating. Pareto revised its rating on October 16, 2023. It rated LPG as “a Buy” which previously was an “a Hold”.

Price Performance Review of LPG

On Tuesday, Dorian LPG Ltd [NYSE:LPG] saw its stock fall -3.19% to $24.61. Over the last five days, the stock has lost -4.39%. Dorian LPG Ltd shares have fallen nearly -37.19% since the year began. Nevertheless, the stocks have fallen -37.57% over the past one year. While a 52-week high of $48.53 was reached on 05/31/24, a 52-week low of $24.90 was recorded on 11/26/24. SMA at 50 days reached $31.07, while 200 days put it at $37.74.

Levels Of Support And Resistance For LPG Stock

The 24-hour chart illustrates a support level at 24.19, which if violated will result in even more drops to 23.78. On the upside, there is a resistance level at 25.34. A further resistance level may holdings at 26.08. The Relative Strength Index (RSI) on the 14-day chart is 27.67, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.98, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.72%. Stochastics %K at 12.06% indicates the stock is a buying.

How much short interest is there in Dorian LPG Ltd?

A steep rise in short interest was recorded in Dorian LPG Ltd stocks on 2024-11-15, dropping by -0.66 million shares to a total of 1.69 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 2.35 million shares. There was a decline of -39.36%, which implies that there is a negative sentiment for the stock.

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