TRMD Stock Recent News

Global growth outlooks are ebbing, casting doubts on the demand picture for oil and impacting tanker companies like TORM plc. TORM's profits may be negatively impacted by falling tanker rates and geopolitical tensions leading to higher freight rate volatility. Despite high earnings uncertainty, TORM's technical situation indicates a trading range with support around $23 and resistance at $37.

Coming share prices are the primary interest of all investors, driven by the biggest, best-informed, and most insistent of them, institutions, as revealed by their market actions. Evaluating how attractive each stock's coming upside and downside price change prospects maybe requires a sense of its likely future compared to its past – and to the pasts.

Oaktree, the majority shareholder of TORM, which owns about 65% of the company's Class A common shares, started selling 5 million shares. However, there is no need to be panicked, as the company's fundamentals suggest that TORM is on the right path.

Value Investor's Edge Live returns in 2023 with an exclusive interview focused on the product tanker segment of the shipping industry. Jacob Meldgaard, CEO of Torm plc, joined us on 10 January 2023, to discuss the latest trends in the market and outlines company strategy and capital allocation plans.

The product tanker market is enjoying high earnings, after several years of dismal earnings. Disruption to earlier trade routes and changes in refinery locations will lead to a continuation of high rates.

TORM plc (NASDAQ:TRMD ) Q3 2022 Earnings Conference Call November 10, 2022 9:00 AM ET Company Participants Andreas Abildgaard-Hein - Head of Investor Relations Jacob Meldgaard - Chief Executive Officer & Executive Director Kim Balle - Chief Financial Officer Conference Call Participants Jon Chappell - Evercore Anders Karlsen - Kepler Cheuvreux Operator Ladies and gentlemen, thank you for standing by. Welcome, and thank you for joining the TORM plc Third Quarter 2020 Results Call.

100% technical buy signals. 6 new highs and up 4.23% in the last month.

TORM presents itself as a successful product tanker shipping company. If the free cash flow continues to trend higher, management may execute further investments.

TORM plc (NASDAQ:TRMD ) Q2 2022 Earnings Conference Call August 18, 2022 9:00 AM ET Company Participants Andreas Abildgaard-Hein - Head of Investor Relations Jacob Meldgaard - Chief Executive Officer & Executive Director Kim Balle - Chief Financial Officer Conference Call Participants Jon Chappell - Evercore. Richard Diamond - Castlewood Capital Anders Karlsen - Kepler Cheuvreux Operator Ladies and gentlemen, thank you for standing by.

TORM PLC (TRMD) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.