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Why Nordic American Tanker's Shares Popped 19.8% Today

Travis Hoium, The Motley Fool
·1 min read
Why Nordic American Tanker's Shares Popped 19.8% Today
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Yesterday, Founder and CEO Herbjorn Hansson sent a note to investors pointing out that the continuing Suez Canal blockage could actually be good for business. Today, Herbjorn Hansson announced that his son and board member Alexander Hansson bought 50,000 shares of Nordic American Tankers stock for $3.69 per share. Short term, the blockage in the Suez Canal should help Nordic American Tanker's operations.