In a filing, Scorpio Tankers Inc revealed its Officer Avella Christopher John acquired Company’s shares for reported $1.28 million on Nov 26 ’24. In the deal valued at $51.74 per share,24,667 shares were bought.
Then, Lauro Filippo bought 250,000 shares, generating $18,162,500 in total proceeds.
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 jump 9.74% to $52.86. Over the last five days, the stock has gained 8.54%. Scorpio Tankers Inc shares have risen nearly 6.38% since the year began. Nevertheless, the stocks have fallen -18.26% over the past one year. While a 52-week high of $84.67 was reached on 01/07/25, a 52-week low of $45.94 was recorded on 01/06/25. SMA at 50 days reached $52.20, while 200 days put it at $68.50.
Levels Of Support And Resistance For STNG Stock
The 24-hour chart illustrates a support level at 50.32, which if violated will result in even more drops to 47.78. On the upside, there is a resistance level at 54.29. A further resistance level may holdings at 55.72. The Relative Strength Index (RSI) on the 14-day chart is 59.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.96, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 4.42%. Stochastics %K at 64.61% indicates the stock is a holding.
How much short interest is there in Scorpio Tankers Inc?
A steep rise in short interest was recorded in Scorpio Tankers Inc stocks on 2024-12-13, growing by 0.54 million shares to a total of 3.84 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 3.3 million shares. There was a rise of 13.97%, which implies that there is a positive sentiment for the stock.
