Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Dorian LPG Ltd shares valued at $541,853 were purchased by LORENTZEN OIVIND on Dec 20 ’24. At $23.17 per share, LORENTZEN OIVIND acquired 23,386 shares.
Also, Hadjipateras Alexander C. sold 2,500 shares, netting a total of over 90,300 in proceeds. Following the sale of shares at $36.12 each, the insider now holds 82,823 shares.
As published in a research note from DNB Markets on July 03, 2024, Dorian LPG Ltd [LPG] has been rated up from a Hold to a Buy and the price target has been revised to $52. Analysts at DNB Markets downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in late January. As of November 20, 2023, Jefferies has increased its “Hold” rating to a “Buy” for LPG. Earlier on October 16, 2023, Pareto upgraded its rating. Their new recommendation was “a Buy” for LPG stock which previously was a “a Hold”.
Analyzing LPG Stock Performance
During the last five days, there has been a drop of approximately -10.47%. Over the course of the year, Dorian LPG Ltd shares have dropped approximately -0.70%. Shares of the company reached a 52-week high of $27.53 on 01/15/25 and a 52-week low of $23.16 on 01/22/25. A 50-day SMA is recorded $24.80, while a 200-day SMA reached $35.35. Nevertheless, trading volume fell to 0.65 million shares from 1.1 million shares the previous day.
Support And Resistance Levels for Dorian LPG Ltd (LPG)
According to the 24-hour chart, there is a support level at 23.96, which, if violated, would cause prices to drop to 23.72. In the upper region, resistance lies at 24.46. The next price resistance is at 24.72. RSI (Relative Strength Index) is 44.77 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.29, which suggests the price will decrease in the coming days. Percent R is at 76.20%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
