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Why is Oceanpal Inc (OP) Stock down?

13 Jun, 2023:

Shares of OceanPal Inc. (OP) declined 23.50% from $3.58 to $2.74 today after the company issued financial results for the Q1 2023. It reported net income of $88 thousand and net loss attributed to common stockholders of $472 thousand.

https://finance.yahoo.com/news/oceanpal-inc-reports-financial-results-131000905.html

10 Feb, 2023:

OceanPal Inc. (OP) plunged 11.40% from $15.05 to $13.34 when the company announced today the closing of its public offering of 15,000,000 units with each unit consisting of one common share (or one pre-funded warrant in lieu of one common share) and one Class B warrant to purchase one common share (the “Offering”).

https://finance.yahoo.com/news/oceanpal-inc-announces-closing-approximately-230400766.html

08 Feb, 2023:

OceanPal Inc. (OP) stocks price was down 38.50% from $24 to $14.76 after announcing pricing of a public offering of 15,000,000 units with each unit consisting of one common share and one Class B warrant to purchase one common share.

https://finance.yahoo.com/news/oceanpal-inc-announces-pricing-approximately-142900879.html

20 Dec, 2022:

Shares of OP fell 7.55% from $31.8 to $29.4 when it announced today that its board of directors has determined to effect a one-for-ten reverse stock split of the Company's common shares, par value $0.01 per share.

https://finance.yahoo.com/news/oceanpal-inc-announces-reverse-stock-140700598.html

marine_shipping ECO
$49.80
price up icon 2.51%
marine_shipping NMM
$68.47
price up icon 1.73%
marine_shipping DAC
$114.11
price up icon 1.39%
$17.32
price up icon 1.79%
$17.35
price up icon 2.89%
$23.81
price up icon 0.25%
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