OceanPal Inc (NASDAQ:OP) Stock Takes a Hit: Slumps 53%

January 24, 2022

Global shipping company OceanPal Inc (NASDAQ:OP), which specialises in owning vessels, saw its stock take a pounding this past Friday and ended the day with declines of as much as 53% as a consequence. The massive selloff in the stock came about after the company announced last Friday the pricing of its public offering. Trading Data On Friday, OP stock slumped 52.50% at $0.5605 with more than 16 million shares,…

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