Shares of Frontline Ltd/Bermuda (NYSE: FRO), engaged primarily in the ownership and operation of oil tanker, recorded over 14.0% gain during each of the past two consecutive trading sessions with significant number of shares exchanging hands. FRO was the top performer in the U.S. industrials sector after gaining 38.0% and closed at $2.25 Friday, while recording significant trading volumes of 7.1 million shares. During the past 5-trading sessions, FRO gained 66.7% with daily average trading volumes of 2.5 million shares, while the stock accumulated 71.8% gain during the past one month with daily average trading volumes of 1.1 million shares.
Company Description:
Frontline Limited (NYSE: FRO) owns a fleet of very large crude carriers and Suezmax tankers that transport crude oil and oil products between ports. The company’s vessels are managed by ship management companies. Frontline conducts activities worldwide.
1-Year Stock Chart:
Source: Bloomberg
