International Seaways (INSW) 10% Owner Ltd Sells $3.1M of Stock
Famatown Finance Ltd sold 33,956 shares of International Seaways, valued at approximately $3.08 million.
Reviewed by automated data checks against the source filing. How we make and check alerts
Famatown Finance Ltd, 10% Owner at International Seaways, Inc. ($INSW), sold 33,956 shares at an average price of $90.66, worth about $3.08 million, on May 8, 2026. The trade was reported to the SEC in a Form 4 filing.
Since the trade, $INSW is down 7.7% after 1 week, down 11.1% after 1 month and up 33.5% to date (from the $82.39 close on May 8, 2026).
INSW
International Seaways, Inc.
Key Points
- On May 8, 2026, Famatown Finance Ltd sold 33,956 shares of International Seaways, Inc. for about $3.08 million at a price of $90.66 per share.
- The stock of International Seaways, Inc. is currently trading at $112.19, not far from its 52-week high of $113.14, reflecting strong market interest.
- Famatown Finance Ltd has been actively selling shares, with recent transactions totaling over $36 million in just the past month.
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Famatown's Latest Sale
Famatown Finance Ltd sold 33,956 shares of International Seaways, Inc. (NYSE: INSW) on May 8, 2026, for about $3.08 million. The sale was priced at $90.66 per share, which is lower than the current trading price of $112.19.
Recent Insider Activity
This sale is part of a series of transactions by Famatown Finance, which has been consistently offloading shares. In the previous week alone, they sold 200 shares at $118.50, 61,216 shares at $117.08, and 66,738 shares at $117.03. The total value of these recent sales exceeds $36 million, indicating a significant reduction in their stake in the company.
How International Seaways, Inc. Stock Has Traded
International Seaways, Inc. is currently trading at $112.19, close to its 52-week high of $113.14. The stock has seen strong interest in the market, trading well above its 200-day moving average of $76.76. This performance may suggest a positive outlook among investors, despite the recent insider selling.
Analysts Set New Price Targets
Analysts remain optimistic about International Seaways, Inc. On October 5, 2026, B. Riley Securities maintained a "Buy" rating with a target price of $140.00, up from $120.00. Similarly, BTIG also maintained a "Buy" rating with a target of $130.00 on September 18, 2026. The average price target among six analysts is approximately $107.17, indicating a favorable view of the stock's potential.
What International Seaways, Inc. Does
International Seaways, Inc. operates a fleet of ocean-going vessels for transporting crude oil and petroleum products. With a focus on both crude tankers and product carriers, the company serves a variety of clients, including oil companies and government entities. The recent insider selling by Famatown Finance may reflect broader strategic shifts as the company navigates market conditions.
What's Next for International Seaways, Inc.
Investors will be watching for the next earnings report scheduled for November 5, 2026. It's important to note that the recent insider transactions reflect past holdings and may not indicate current positions. The ongoing activity from Famatown Finance suggests they are actively managing their stake in International Seaways, Inc.
Related Filing Alerts
Source: Famatown Finance Ltd's Form 4 filing on $INSW (May 8, 2026). Find the original filing: INSW Form 4 filings on SEC EDGAR. Written by software, not financial advice. How we make alerts