Procore signs multi-year strategic collaboration agreement with AWS
NEW YORK—Solon Derek G., Senior Vice President of International Seaways, Inc. (NYSE:INSW), recently sold 4,400 shares of the company’s common stock. The transaction took place on March 13, 2025, with shares sold at an average price of $33.3858, totaling approximately $146,897. The sale comes as the company’s stock trades near its 52-week low, while maintaining strong fundamentals with a healthy current ratio of 2.87 and an attractive dividend yield of ~16%. According to InvestingPro analysis, the stock appears undervalued based on its Fair Value metrics.
The sale was executed in multiple trades with prices ranging from $33.24 to $33.61. Following this transaction, Derek G. holds 50,453 shares in the company. InvestingPro data reveals that analysts maintain a strong buy consensus with significant upside potential, with 8 additional exclusive insights available to subscribers through the comprehensive Pro Research Report.
In other recent news, International Seaways has been active with several notable developments. The company has announced the termination of its Retiree Health and Welfare Plan, a decision made by the Board of Directors to distribute all deferred amounts to participants. This action is expected to comply with Treasury Regulation requirements and is part of broader adjustments to the company’s compensatory arrangements. Additionally, Stifel analysts have revised their price target for International Seaways stock to $38 from $42, maintaining a Hold rating. The analysts noted that while the company has delivered satisfactory quarterly results, it has not matched the higher performance of previous years. They anticipate the company to maintain mid-cycle levels of profitability and cash flow generation. Meanwhile, International Seaways saw a 6.4% increase in its stock following the US government’s decision to blacklist China’s Cosco Shipping Holdings and other entities. This move has increased scrutiny of the maritime sector and led to optimism among investors in American shipping companies. These recent developments reflect ongoing strategic adjustments and market reactions impacting International Seaways.
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