Let’s dive into everything traders need to know about OP stock today. OceanPal is a spinoff of Diana Shipping (NYSE: DSX). The spinoff was completed on Nov. 29 and shares of the company’s stock started trading on the Nasdaq Exchange on Tuesday under the OP ticker.
Full Answer
What is oceanpal (op)?
athens, greece, jan. 21, 2022 (globe newswire) -- oceanpal inc. (nasdaq: op) (the “company”), a global shipping company specializing in the ownership of …
How to buy oceanpal stock?
Apr 11, 2022 · About OP. OceanPal Inc. focuses on the provision of ocean-going transportation services. The company owns and operates drybulk carriers that transport major bulks, such as iron ore, coal, and grains, as well as minor bulks comprising bauxite, phosphate, and fertilizers. As of November 29, 2021, its fleet consisted of 3 dry bulk vessels, which include 2 Panamax and …
Is oceanpal’s IPO a traditional IPO?
Oceanpal received a non-compliance notice from the Nasdaq Stock Market on 03/14/2022. The notice was related to the minimum bid price of the company's common stock …
What happens to the parent company of oceanpal in 2021?
OceanPal, Inc. is a holding company, which engages in the provision of shipping transportation services. It also specialize in the ownership of vessels. It transports iron …
What is the current OceanPal Inc. (OP) stock price?
OceanPal Inc. (NASDAQ: OP) stock price is $0.60 as of the last check on Wednesday, Mar 16. During the trading session, OP stock reached the peak pr...
OP's industry and sector of operation?
The NASDAQ listed OP is part of Marine Shipping industry that operates in the broader Industrials sector. OceanPal Inc. focuses on the provision of...
Who are the executives of OP?
Mr. Eleftherios A. Papatrifon CEO & Director Mr. Ioannis G. Zafirakis Director, Pres, Interim CFO & Sec.
What is the OP stock price today?
OP stock traded closed the last session at $0.60, which is $-0.04 or -5.51% lower than its previous close of $0.64. OP's current trading price is -...
How do I contact OP?
OP could be contacted at Pendelis 26 Palaio Faliro Athens 175 64 Greece , or at phone # 30 210 94 85 360 and can also be accessed through...
How many shares of OP are traded daily?
OP stock volume for the day was 3.58M shares while in the previous session number of OP shares traded was 3.58M. The average number of OP shares tr...
How much did OP change today?
The percentage change in OP stock occurred in the recent session was -5.51% while the dollar amount for the price change in OP stock was $-0.04.
What price range OP stock been trading in?
In the recent session, the day high for OP stock was $0.69 while the low for OP stock touched on the day was $0.60.
What is the market cap of OP currently?
The market value of OP currently stands at $5.29M with its latest stock price at $0.60 and 8.82M of its shares outstanding.
OceanPal Enters Time Charter Contract For Calipso Vessel
OceanPal Inc (NASDAQ: OP) has entered into a time charter contract with Crystal Sea Shipping Co., Limited for its Panamax dry bulk vessel, the m/v Calipso. The gross charter rate is $22,500 per day for ...
Shipping on Wall Street: Is it better to be a pure play or jack of all trades?
Should a public shipping company be a pure play — owning just tankers, containers, bulkers or gas carriers — or should it do as the traditional private family shipowners do, and own a mixed fleet? The a...
OP Stock: 13 Things for OceanPal Investors to Know About the Diana Shipping Spinoff as Shares Soar
OceanPal (OP) stock is riding higher Wednesday on the wave of its public debut yesterday after a spinoff from Diana Shipping (DSX)! The post OP Stock: 13 Things for OceanPal Investors to Know About the ...
OceanPal Inc. Announces Commencement of Trading on the Nasdaq Capital Market
ATHENS, Greece, Nov. 30, 2021 (GLOBE NEWSWIRE) -- OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of vessels, today announced that it has completed it...
About OceanPal Inc
OceanPal, Inc. operates as a holding company that provides ocean-going transportation services. It owns and operates dry bulk carriers that transport heavy bulks such as iron ore, coal and grains, and minor bulks such as bauxite, phosphate and fertilizers.
Stocks Rankings for OP
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OceanPal Inc is listed as
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When Is the OceanPal IPO Date?
Unlike a traditional initial public offering ( IPO ), OceanPal’s market debut does not represent the first time that the enterprise will go public. While the company is a newly formed subsidiary, technically, the asset reallocation that comprises the spinoff previously traded under Diana Shipping.
OceanPal Financial History
Because OceanPal is a newly formed entity, it’s difficult to ascertain the company’s future financial trajectory. As well, all eyes are on the omicron variant and specifically how international government agencies will respond to the potential threat.
OceanPal Potential
Another factor to consider — so long as the omicron variant doesn’t send the global economy into a tailspin — is the massive war chest that American consumers have accumulated. In an October 2021 article from Bloomberg, the publication stated that U.S. households collectively saved money to the tune of $2.7 trillion.
How to Buy OceanPal IPO (OP) Stock
As a spinoff rather than a true IPO, investors not already entitled to OceanPal shares must acquire the equity unit at the open, which is easy if you already know how to buy stocks. If not, just follow the steps below.
OP Restrictions for Retail Investors
Review the Financial Industry Regulatory Authority (FINRA) rules on restricted persons before participating in an IPO. If you have privileged (non-public) information — even if it’s merely the appearance of such — it’s best to avoid engaging the opportunity.
OP Pre-IPO
Only true IPOs are eligible for pre-IPO opportunities. However, for upcoming public market debuts, you might want to consider platforms like EquityZen, which allows you to apply to acquire select company shares at their initial offering price.
Spun Off Into Ambiguous Waters
Absent the COVID-19 pandemic, the demand backlog for various goods and commodities should be a massive tailwind for OP stock. However, many uncertainties await clarification regarding the omicron variant, which may dampen OceanPal’s public market debut.
