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Performance Shipping Inc. shares rise 1.05% after-hours as global trade trends and new shipping tools are introduced.
ByAinvest
Friday, Aug 29, 2025 5:48 pm ET1min read
Performance Shipping Inc. rose 1.05% in after-hours trading. The company's stock price increase may be attributed to the recent news about the U.S. permanently abolishing its duty-free threshold for package shipments valued at under $800, which could impact global logistics and shipping companies. This change may have led to increased demand for shipping services, positively affecting Performance Shipping Inc.'s stock price.
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