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Jeffrey Pribor, SVP & CFO of International Seaways, Inc. (NYSE:INSW), sold 1,000 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 $53.58, for a total transaction value of $53,580.
Following the transaction, Pribor directly owns 71,734 shares of International Seaways. At the current share price of $53.76, Pribor’s remaining stake is valued at approximately $3.85 million. The company, with a market capitalization of $2.66 billion, currently trades at a P/E ratio of 12.18 and offers a dividend yield of 5.45%.
The sale was executed pursuant to a Rule 10b5-1 trading plan, which was put in place on May 23, 2025. InvestingPro data shows International Seaways maintains a "GREAT" financial health score of 3.01, with liquid assets exceeding short-term obligations. According to InvestingPro analysis, the stock is currently fairly valued based on its Fair Value assessment, with 12 more ProTips available to subscribers.
In other recent news, International Seaways, Inc. has successfully placed $250 million in new senior unsecured bonds in the Nordic bond market. These bonds are set to mature in September 2030 and come with a fixed annual coupon rate of 7.125%, payable semi-annually. The company aims to list these bonds on the Oslo Stock Exchange. Meanwhile, BTIG has raised its price target for Frontline Ltd. from $25.00 to $30.00, maintaining a Buy rating. This adjustment is attributed to strong tanker rates and favorable market dynamics. Notably, VLCC spot rates recently concluded at $96,000 per day, with scrubber-fitted VLCCs reaching approximately $105,000 per day. The third quarter saw scrubber-fitted vessels averaging around $45,000 per day after a low of $27,000 in July. These developments reflect the latest movements and strategic financial decisions within the shipping industry.
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