In a filing, Scorpio Tankers Inc revealed its Officer Lauro Filippo acquired Company’s shares for reported $5.28 million on Jan 17 ’25. In the deal valued at $52.82 per share,100,000 shares were bought.
Then, Rayner Merrick James Forbes bought 5,000 shares, generating $275,725 in total proceeds.
Before that, Avella Christopher John bought 24,667 shares. Scorpio Tankers Inc shares valued at $1,276,273 were divested by the Officer at a price of $51.74 per share.
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 Monday, Scorpio Tankers Inc [NYSE:STNG] saw its stock fall -1.96% to $36.58. Over the last five days, the stock has gained 7.12%. Scorpio Tankers Inc shares have fallen nearly -26.38% since the year began. Nevertheless, the stocks have fallen -48.36% over the past one year. While a 52-week high of $84.67 was reached on 01/13/25, a 52-week low of $30.63 was recorded on 04/04/25. SMA at 50 days reached $38.19, while 200 days put it at $55.60.
Levels Of Support And Resistance For STNG Stock
The 24-hour chart illustrates a support level at 36.01, which if violated will result in even more drops to 35.44. On the upside, there is a resistance level at 37.21. A further resistance level may holdings at 37.84. The Relative Strength Index (RSI) on the 14-day chart is 50.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.79, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 21.98%. Stochastics %K at 89.52% indicates the stock is a selling.
How much short interest is there in Scorpio Tankers Inc?
A steep rise in short interest was recorded in Scorpio Tankers Inc stocks on 2025-04-15, dropping by -0.52 million shares to a total of 2.55 million shares. Yahoo Finance data shows the prior-month short interest on 2025-03-14 was 3.07 million shares. There was a decline of -20.45%, which implies that there is a negative sentiment for the stock.
