Frontline Plc
NYSE: FRO
$23.70
-$0.10 (-0.4%)
Closing price April 29, 2024
Equities opened a little weaker this morning, but by 10:00 a.m. markets had turned slightly positive and have remained in positive territory for the rest of the day. The gain has not been huge, but...
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Railroads and trucking companies have, for the most part, seen share prices rise over the past 12 months, while ocean-going shippers have taken a severe beating. Of four railroads, CSX Corp. (NYSE:...
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Stocks opened a bit lower this morning, but almost immediately turned around without being able to break through the opening numbers. Revised third-quarter US GDP numbers were worse than expected,...
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An over-supply of product leading to a steep drop in price has claimed another victim. No, this is not a story about a solar PV maker, but about shipping, where ships that were ordered in 2007 and...
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Markets opened higher today, and after some backsliding in the mid-morning, pulled ahead again by mid-afternoon. Crude oil closed up more than 2% at $97.78/barrel and gold was down by about -1.8%, at...
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Transportation stocks get a lot more attention as economic bellwethers than they do as market participants. Railroads, ships, and trucks are not particularly glamorous, and the industries are so...
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2011 has been an incredibly choppy year, the economy is flirting between snail-paced growth and recession, and many companies and entire sectors are experiencing some severe business pressures or...
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No matter what kind of cargo a shipping company moves, that company is likely to be in some financial distress. Rates for moving containers, dry bulk, and oil are all way down as the global economy...
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These are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Friday morning.Aruba Networks, Inc. (NASDAQ: ARUN) Raised to Overweight at Barclays....
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It is hard to call the market weak right now even if today was a mixed day. We have seen a meteoric rise from the bottom. So what happens when you see companies hitting 52-week lows when the...
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As Japan recovers from the devastating earthquake and its aftermath, the country will depend heavily on importing raw materials into the country and exporting finished goods. There are a number of...
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Day rates for crude oil supertankers, VLCCs, peaked in 2009 at around $100,000/day. Today, if you want to ship 2 million barrels of oil from the Middle East to Korea, you’d have to pay just...
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