Why Nordic American Tankers Shares Fell 21.3% Today

Travis Hoium, The Motley Fool

May 23, 2022 at 4:50 p.m.·1 min read

Why Nordic American Tankers Shares Fell 21.3% Today

Shares of oil tanker stock Nordic American Tankers (NYSE: NAT) fell as much as 21.3% in trading today after the company gave the market an update on operations. In a press release before the market opened, Nordic American Tankers' management said that they will announce first-quarter 2022 results before the market opens on May 31, 2022. Shares of Nordic American Tankers are up about 70% from their lows before Russia invaded Ukraine, which was a big driver of recent demand.

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