Why DHT Holdings Stock Dropped Today
Rumors that the Strait of Hormuz might reopen in seven days are driving tanker stocks lower.
Overview
DHT Holdings (NYSE: DHT) stock is having a great September. Shares of the oil tanker operator, which owns 22 Very Large Crude Carrier supertankers (VLCCs), gained as much as 18% in September through Friday's close. DHT is giving back some of those gains today -- down 3% through 10:20 a.m. ET.
But why was DHT stock up in the first place?
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.