INSW - Insider Transaction: William Nugent Sells $194K Worth Of International Seaways Shares | Benzinga
Making a noteworthy insider sell on May 22, William Nugent, Senior Vice President at International Seaways (NYSE:INSW), is reported in the latest SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Wednesday showed that Nugent sold 3,000 shares of International Seaways. The total transaction amounted to $194,113.
International Seaways's shares are actively trading at $67.2, experiencing a up of 5.0% during Thursday's morning session.
Delving into International Seaways's Background
International Seaways Inc owns and operates a fleet of oceangoing vessels engaged in the transportation of crude oil and petroleum products. The company's vessel operations are organized into two segments: Crude Tankers and Product Carriers. The fleet consists of ULCC, VLCC, Suezmax, Aframax, and Panamax crude tankers, as well as LR1, LR2, and MR product carriers.
International Seaways: A Financial Overview
Negative Revenue Trend: Examining International Seaways's financials over 3 months reveals challenges. As of 31 March, 2024, the company experienced a decline of approximately -4.43% in revenue growth, reflecting a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in ...