OceanPal Inc. (OP) Soars 122.93% on Vessel Sale

OceanPal(OP)涨122.68%，连涨2天，近2日涨125.17%。The share price rose to its highest level since July 2024 today, with an intraday gain of 169.44% . The share price fell to its lowest level since May 2025 , with an intraday decline of 5.56%.

The strategy of buying OP shares after they reached a recent low and holding for 1 week showed poor performance over the past 5 years. The annualized return was -14.3%, with a maximum drawdown of 66.8% during the backtested period. This indicates that this strategy failed to provide positive returns and was subject to significant volatility and losses.

OceanPal Inc. (OP) has recently seen substantial fluctuations in its stock price. On June 12, 2025, the company's stock surged by 122.93% following the sale of its dry bulk vessel 'Protefs' for $7 million. This sale is part of OceanPal's strategy to optimize its fleet, which has been a significant driver of the stock's recent upward trend.

The sale of the 'Protefs' vessel is seen as a strategic move by OceanPal to streamline its operations and focus on more profitable segments of the shipping industry. This decision has been well-received by investors, who view it as a positive step towards improving the company's financial health and operational efficiency.

Additionally, on June 12, 2025, OceanPal's shares rose by 31.06% to $2.11, indicating strong market performance. This increase reflects investor confidence in the company's recent strategic decisions and its potential for future growth. The market value of OceanPal's outstanding shares reached $15.8 million, further underscoring the positive sentiment surrounding the company.