Bitcoin set for a rebound that could stretch toward $100000, BTIG says
International Seaways (NASDAQ:INSW) President and CEO Lois K. Zabrocky sold 2,000 shares of common stock on November 17, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at a price of $53.8165, for a total value of $107,633. The sale comes as INSW trades near its 52-week high of $54.95, with the stock delivering impressive returns of 43.19% over the past six months and 57.85% year-to-date.
The transactions were executed in multiple trades at prices ranging from $53.5800 to $54.0800. Following the transaction, Zabrocky directly owns 184,421 shares of International Seaways, a company with a market capitalization of $2.66 billion and a P/E ratio of 12.18. InvestingPro rates INSW’s overall financial health as "GREAT" with particularly strong scores in price momentum and profitability.
The sale was executed pursuant to a Rule 10b5-1 trading plan executed by Zabrocky on March 14, 2025. Despite this insider sale, analysts maintain a strong "Buy" consensus on INSW with a high price target of $64. The company pays a dividend yield of 5.45% and is one of 1,400+ US equities covered by comprehensive Pro Research Reports available on InvestingPro.
In other recent news, BTIG has raised its price target for Frontline Ltd. to $30, up from $25, while maintaining a Buy rating. This adjustment comes in light of strong tanker rates and positive market dynamics. The firm highlighted that VLCC spot rates recently concluded at $96,000 per day, with scrubber-fitted VLCCs reaching approximately $105,000 per day. In contrast, third-quarter rates for these vessels averaged about $45,000 per day after hitting a low of $27,000 in July. Meanwhile, International Seaways, Inc. announced the placement of $250 million in new senior unsecured bonds in the Nordic bond market. These bonds, set to mature in September 2030, carry a fixed coupon rate of 7.125% per annum, payable semi-annually. International Seaways intends to list these bonds on the Oslo Stock Exchange. These developments reflect ongoing activities in the shipping and financial sectors.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.