Ardmore Shipping Corporation Shares Soar 5.41% After Hitting 2022 Low

Ardmore Shipping Corporation (ASC) shares surged 5.41% today, marking a significant rebound after hitting its lowest level since August 2022, with an intraday decline of 2.23%.

Ardmore Shipping's recent performance has been marked by volatility, with the stock finishing the last trading session 7% higher, priced at $9.35, but has returned -11.5% over the past month. This indicates significant volatility and a recent negative trend in stock performance.

Investment activity has also played a role in the stock's movements. Arrowstreet Capital Limited Partnership increased its stake in Ardmore Shipping Co. by 5.1% in the fourth quarter. This could suggest confidence from institutional investors or influence the stock price positively due to increased demand.

The stock has had a daily average volatility of 7.44% over the last week, suggesting high fluctuations and potential risk in holding the stock. This volatility is a key factor that investors need to consider when evaluating Ardmore Shipping's stock.