Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Scorpio Tankers Inc shares valued at $5,282,000 were purchased by Lauro Filippo on Jan 17 ’25. At $52.82 per share, Lauro Filippo acquired 100,000 shares.
Also, Rayner Merrick James Forbes purchased 5,000 shares, netting a total of over 275,725 in proceeds.
Before that, Avella Christopher John had added 24,667 shares to its account. In a trade valued at $1,276,273, the Officer bought Scorpio Tankers Inc shares for $51.74 each.
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 surge of approximately 4.82%. Over the course of the year, Scorpio Tankers Inc shares have dropped approximately -29.14%. Shares of the company reached a 52-week high of $56.74 on 01/13/25 and a 52-week low of $30.63 on 04/04/25. A 50-day SMA is recorded $38.81, while a 200-day SMA reached $56.23.
Support And Resistance Levels for Scorpio Tankers Inc (STNG)
According to the 24-hour chart, there is a support level at 34.78, which, if violated, would cause prices to drop to 34.35. In the upper region, resistance lies at 35.48. The next price resistance is at 35.76. RSI (Relative Strength Index) is 45.92 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.35, which suggests the price will decrease in the coming days. Percent R is at 21.71%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
