INSW - International Seaways Insider Trades Send A Signal | Benzinga
Making a noteworthy insider sell on March 13, Lois Zabrocky, President & CEO at International Seaways (NYSE:INSW), is reported in the latest SEC filing.
What Happened: Zabrocky opted to sell 16,240 shares of International Seaways, according to a Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday. The transaction's total worth stands at $844,848.
Tracking the Thursday's morning session, International Seaways shares are trading at $51.56, showing a down of 0.04%.
Get to Know International Seaways Better
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: Delving into Financials
Revenue Challenges: International Seaways's revenue growth over 3 months faced difficulties. As of 31 December, 2023, the company experienced a decline of approximately -25.85%. This indicates a decrease in top-line earnings. When compared to others in the Energy sector, the company faces challenges, ...