Down 5 days in a row. Excellent potential to grow earnings. But 5 down is a sell signal. Time to take profits.
It could be rising oil prices reducing profits. It could be ships unable to serve the Strait of Hormez bidding on other business–maybe driving down pricing and profits.
Investors seem to have something to worry about.
I think some investors more focused on the news headlines rather than company fundamentals.
Personally, had locked in some decent Roth ac gains in mid-March 2026. But after results were announced, noted the company still has upside. Been back to the INSW trough, with nibbles in both Roth ac and taxable ac. My reason for optimism?
I should also note, it does not seem specific to INSW. TEN, TNK, FRO, TRMD, among other tanker names have all had recent share sell-offs in the 15 - 20% range. All but TRMD, have a fleet mix that includes crude oil and product tankers.
May 28 close $76.81 (INSW’s price when you posted)
June 11 close $82.56 (shares ex-div on 06/12/26)
The delta is > Q1 div payout.
And the situation in MEG is nowhere close to being resolved.