Knot Offshore (KNOP) Stock Jumps 8.1%: Will It Continue to Soar?

Knot Offshore (KNOP) shares ended the last trading session 8.1% higher at $5.89. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 7% loss over the past four weeks.KNOT Offshore extended its rally for the third straight day, driven by optimism surrounding the tanker market as product tanker rates are currently at healthy levels despite minor hiccups. Also, normalization of economic activities and an uptick in world t ...