Pyxis Tankers Equity Warrant Exp 19th Aug 2025 *W EXP 08/19/2025
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Industrials : Marine | Small Cap Value
Based in Greece
Company profile

Pyxis Tankers Inc. is a maritime transportation holding company. The Company is focused on the product tanker sector. It owns a fleet of six double hull product tankers: Pyxis Epsilon with carrying capacity of approximately 50,295 deadweight tonnage (dwt); Pyxis Theta with carrying capacity of approximately 51,795 dwt, Pyxis Malou with carrying capacity of over 50,667 dwt; Pyxis Delta with carrying capacity of approximately 46,616 dwt; Northsea Beta with carrying capacity of over 8,647 dwt, and Northsea Alpha with carrying capacity of approximately 8,615 dwt. Four of the Company's vessels in the fleet are medium-range (MR), product tankers, three have eco-efficient or eco-modified designs, and two of them are short-range tanker sister ships. Its fleet is capable of transporting refined petroleum products, such as naphtha, gasoline, jet fuel, kerosene, diesel and fuel oil, as well as other liquid bulk items, such as vegetable oils and organic chemicals.

Closing Price
$0.3524
Day's Change
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
--
Day's Low
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Volume
(Light)
Volume:
0

10-day average volume:
6,970
0

Dow ends higher for 5th day, scoring longest win streak in 2 months as consumer and tech sectors recover

4:22 pm ET May 26, 2022 (MarketWatch)
Print

By Joy Wiltermuth and Joseph Adinolfi

Nasdaq Composite scores 2.7% gain

U.S. stocks closed sharply higher on Thursday, led by consumer and technology stocks, after a batch of better earnings reports from retailers and mostly benign economic data helped assuage investor concerns about a slowing economy.

Federal Reserve minutes released Wednesday also stoked speculation about a pause to reassess interest rate hikes later in the year.

How did stocks trade?

With its gains on Thursday, the Dow recorded its longest winning streak since March 18, according to Dow Jones Market Data.

What drove the markets?

U.S. stock indexes finished sharply higher, building on Wednesday's gains, as minutes from the Fed's latest meeting signaled that the central bank will monitor economic data for signs of weakness as it looks to head off high inflation.

While Fed officials still looked poised to pull the trigger on planned 50 basis-point interest rate hikes in June and July, as policy moves "expeditiously" toward the projected neutral rate of interest, analysts noted they also look concerned about avoiding a hard landing for the economy.

"Heading into the holiday weekend, it's a nice reprieve to see things in the green," said Northern Trust Wealth Management's Kei Sasaki, a senior portfolio manager, by phone. "We think the markets, as well as investor sentiment, maybe had a bit of a sigh of relief," Sasaki said, of the Fed minutes.

A view has emerged that after interest rate hikes this summer, the Fed could have more wiggle room to reassess its planned rate rises this year, particularly if economic growth shows signs of sputtering or the labor market starts to falter.

"This coincides with some of the things that have been facing investors, including anxiety as some retailers report lackluster results," Sasaki said, adding that if consumer spending is slowing down, "that's when recessionary fears kick in."

As summer begins and the latest corporate earnings season draws to a close, there will be fewer negative catalysts to rattle markets.

"There's a lack of scheduled negative news, although something negative could also come out of the blue," said Mohannad Aama, a longtime markets strategist and professor at Rutgers University.

One potential risk on the horizon is Costco (COST) , which is expected to report earnings after the close on Thursday. Recent reports from rival retailers like Target (TGT) and Walmart (WMT) rattled markets earlier this month.

However, investors did see some strong news from retailers Thursday as Dollar Tree (DLTR), Dollar General (DG) and Macy's (M) stocks rocketed higher -- their shares climbed 21.9%, 13.7% and 19.3% respectively -- breaking a trend of softening guidance among prominent retailers.

Despite economic data released earlier in the week that suggests the economy is slowing, "beaten up retail shares are finding investor interest," said Quincy Krosby, chief equity strategist at LPL Financial, in emailed comments.

Furthermore, the "notion that the consumer, 70 percent of the U.S. economy, is on a spending strike, is overblown as earnings reports coupled with positive guidance indicate otherwise," Krosby said.

In fresh U.S. economic data, new U.S. jobless claims fell by 8,000 last week to 210,000, signaling that layoffs remain extremely low and the economy is still expanding despite more headwinds. The latest reading on U.S. first-quarter GDP showed the economy contracted 1.5% in the first quarter, which was slightly more than the 1.4% contraction reported during the first reading -- although the change wasn't large enough to induce panic.

Opinion: More tech companies are seeing a spring swoon, but there may be a silver lining

Which companies were in focus?

How did other assets do?

--Barbara Kollmeyer contributed reporting

-Joy Wiltermuth

	

(END) Dow Jones Newswires

May 26, 2022 16:22 ET (20:22 GMT)

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