Streetbeat News

OSG

Overseas Shipholding Group, Inc.

overseas shipholding group, inc. is a leading provider of energy transportation services delivering crude oil and petroleum products throughout the united states and the world. founded in 1948, osg has operated through multiple shipping cycles, adjusting our business as needed to compete and succeed. our well-maintained fleet, and commitment to high quality, incident-free service, has positioned us as a preferred energy transportation provider to major oil companies, refiners and traders.

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Market-Moving News for June 11th includes significant developments for Molecular Partners, QuantaSing Group Limited, and Clearmind Medicine. Molecular Partners announced the debut of their lead Raido-DARPin therapy candidate MP0712, QuantaSing Group Limited announced a share repurchase program, and Clearmind Medicine advanced its MEAI-based alcohol substitute beverage program.

Portfolio Pulse from ryanfaloona@benzinga.com

June 11, 2024 | 12:29 pm

Three energy stocks, StealthGas Inc (GASS), Hallador Energy Co (HNRG), and Overseas Shipholding Group Inc. (OSG), are showing overbought signals with high RSI values, indicating potential short-term declines. Despite recent gains, investors should be cautious.

Portfolio Pulse from Avi Kapoor

June 07, 2024 | 12:04 pm

U.S. stocks saw significant gains on Monday, with notable increases in shares of Overseas Shipholding Group, Hims & Hers Health, Dyne Therapeutics, Wix.com, and others. Key drivers included merger agreements, clinical trial data, and positive financial forecasts.

Portfolio Pulse from Avi Kapoor

May 20, 2024 | 3:37 pm

Overseas Shipholding Group, Inc. (NYSE:OSG) shares are surging premarket after announcing a definitive merger agreement to be acquired by Saltchuk Resources. The transaction is valued at $950 million, with Saltchuk offering $8.50 per share in cash, representing a significant premium over recent trading prices. The deal is expected to close in the next few months, with OSG operating as a standalone unit within Saltchuk post-closure.

Portfolio Pulse from Lekha Gupta

May 20, 2024 | 1:06 pm

Overseas Shipholding Group shares are trading higher after the company announced it entered into a definitive merger agreement to be acquired by Saltchuk Resources.