INSW - SVP Of International Seaways Sold $2.18M In Stock | Benzinga
Revealing a significant insider sell on June 11, Jeffrey Pribor, SVP at International Seaways (NYSE:INSW), as per the latest SEC filing.
What Happened: Pribor's recent move involves selling 35,000 shares of International Seaways. This information is documented in a Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday. The total value is $2,183,076.
The latest market snapshot at Wednesday morning reveals International Seaways shares up by 1.24%, trading at $59.65.
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's Financial Performance
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. When compared to others in the Energy sector, the company faces challenges, ...