Why Scorpio Tankers Stock Crushed It on Monday
Scorpio Tankers(US:STNG) The Motley Foolยท2025-09-08 22:44The company is about to be pushed forward by some strong tailwinds, one pundit believes.It was more than smooth sailing for the stock of maritime logistics specialist Scorpio Tankers (STNG 10.63%) on Monday. A recommendation upgrade from an analyst at a very well-known bank powered the company's equity that trading session, sending it to a nearly 11% increase at market close. That trounced the S&P 500 index's 0.2% bump higher.Higher rates prompt bullish revisionThat analyst is Ken Hoexter of Bank of America ...