Ardmore Shipping Corp
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Energy : Oil, Gas & Consumable Fuels | Small Cap Value
Based in Bermuda
Company profile

Ardmore Shipping Corporation provides seaborne transportation of petroleum products and chemicals to national oil companies, oil and chemical traders, and chemical companies, with its fleet of mid-size product and chemical tankers. The Company's segment relates to the operations of its vessels. The Company's fleet consists of over 20 double-hulled product and chemical tankers, all of which are in operation. The Company's vessels include Ardmore Seavaliant, Ardmore Seaventure, Ardmore Seavantage, Ardmore Seavanguard, Ardmore Sealion, Ardmore Seafox, Ardmore Seahawk, Ardmore Endeavour, Ardmore Seafarer, Ardmore Seatrader, Ardmore Seamaster and Ardmore Sealeader. The Company has over 30 subsidiaries, the majority of which represent single ship-owning companies for its fleet. Its subsidiaries include Ardmore Shipping (Bermuda) Limited (ASBL), Ardmore Shipping Services (Ireland) Limited (ASSIL), Ardmore Shipping (Asia) Pte. Limited and Ardmore Shipping (Americas) LLC.

Closing Price
$3.41
Day's Change
0.03 (0.89%)
Bid
--
Ask
--
B/A Size
--
Day's High
3.45
Day's Low
3.35
Volume
(Light)
Volume:
84,995

10-day average volume:
243,312
84,995

GameStop stock thrives despite Monday's market carnage

4:59 pm ET July 19, 2021 (MarketWatch)
Print

Thornton McEnery

In a sea of red, one familiar meme stock was looking quite green indeed at Monday's closing bell.

Shares of GameStop (GME) closed up 2.6% on the day, despite heavy sell-offs across the market as investors pointed to climbing cases of the delta COVID variant as a threat to the global economy recovery.

What news gave every retail investors' favorite videogame retailer a boost on the same day that saw that Dow Jones Industrial Average posted its worst result of 2021 so far?

None at all.

In fact, the big news on GameStop was no news, a situation that did not appear to bother the company's army of fans on Reddit and Twitter, who made it abundantly clear that they very much still "like the stock."

On Reddit, GameStop's legion of so-called "Apes" touted their "diamond hands" and even shared they were buying option orders on Fidelity's trading platform going into the close, even after experiencing issues buying GME earlier in the day.

"Nice! I truly do think this stock is undervalued even with all the [hedge fund] crap surrounding it," posted user Highlander2748. "It will bear fruit. It may take a while, but it will be worth the wait."

Volume on GameStop was well below it's daily average, but data from HypeEquity showed that social media volume on the stock was up more than 100% on the day with mentions of "buying" and "holding" outpacing mentions of "selling" by more than 2 to 1.

"Banks, Disney, crypto, basically the whole market took fat losses today and it's business as usual while we outperform most of the market and the only news story I see is how meme stocks are losing steam," user WigglesPhoenix posted on subreddit Superstonk.

That sentiment bore out in other memes too.

While AMC Entertainment (AMC) shares did fall by more than 10% on Monday, shares were briefly in the green in the final hour of trading, and closed down by less than 1% after a furious rally. Clover Health Investments Corp. (CLOV), another key meme stock, also fell early, but closed up 1.2% for the day.

-Thornton McEnery; 415-439-6400; AskNewswires@dowjones.com

	

(END) Dow Jones Newswires

July 19, 2021 16:59 ET (20:59 GMT)

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