Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Scorpio Tankers Inc shares valued at $1,276,273 were purchased by Avella Christopher John on Nov 26 ’24. At $51.74 per share, Avella Christopher John acquired 24,667 shares.
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Also, Lauro Filippo purchased 250,000 shares, netting a total of over 18,162,500 in proceeds.
As published in a research note from Stifel on October 23, 2024, Scorpio Tankers Inc [STNG] has been rated down from a Buy to a Hold and the price target has been revised to $65 from $90. Analysts at BofA Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late July. As of June 30, 2023, Deutsche Bank has increased its “Hold” rating to a “Buy” for STNG. Earlier on March 08, 2023, JP Morgan initiated its rating. Their recommendation was “an Overweight” for STNG stock.
Analyzing STNG Stock Performance
During the last five days, there has been a drop of approximately -4.68%. Over the course of the year, Scorpio Tankers Inc shares have dropped approximately -22.32%. Shares of the company reached a 52-week high of $84.67 on 06/27/24 and a 52-week low of $46.66 on 12/12/24. A 50-day SMA is recorded $58.49, while a 200-day SMA reached $70.16. Nevertheless, trading volume fell to 0.82 million shares from 0.61 million shares the previous day.
Support And Resistance Levels for Scorpio Tankers Inc (STNG)
According to the 24-hour chart, there is a support level at 46.75, which, if violated, would cause prices to drop to 46.28. In the upper region, resistance lies at 47.61. The next price resistance is at 48.00. RSI (Relative Strength Index) is 22.80 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.01, which suggests the price will decrease in the coming days. Percent R is at 90.97%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
