In a filing, Dorian LPG Ltd revealed its Director LORENTZEN OIVIND acquired Company’s shares for reported $0.54 million on Dec 20 ’24. In the deal valued at $23.17 per share,23,386 shares were bought.
Then, Hadjipateras Alexander C. sold 2,500 shares, generating $90,300 in total proceeds. Upon selling the shares at $36.12, the Chief Operating Officer now owns 82,823 shares.
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 jump 1.47% to $26.86. Over the last five days, the stock has gained 10.13%. Dorian LPG Ltd shares have risen nearly 10.22% since the year began. Nevertheless, the stocks have fallen -27.04% over the past one year. While a 52-week high of $48.53 was reached on 01/14/25, a 52-week low of $22.46 was recorded on 01/06/25. SMA at 50 days reached $25.21, while 200 days put it at $35.82.
Levels Of Support And Resistance For LPG Stock
The 24-hour chart illustrates a support level at 26.36, which if violated will result in even more drops to 25.85. On the upside, there is a resistance level at 27.12. A further resistance level may holdings at 27.37. The Relative Strength Index (RSI) on the 14-day chart is 65.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.54, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.25%. Stochastics %K at 96.14% indicates the stock is a selling.
How much short interest is there in Dorian LPG Ltd?
A steep rise in short interest was recorded in Dorian LPG Ltd stocks on 2024-12-31, growing by 0.33 million shares to a total of 1.97 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 1.63 million shares. There was a rise of 17.0%, which implies that there is a positive sentiment for the stock.
