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Performance Shipping Inc. Common Shares - $PSHG STOCK NEWS

Welcome to our dedicated page for Performance Shipping Common Shares news (Ticker: $PSHG), a resource for investors and traders seeking the latest updates and insights on Performance Shipping Common Shares stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Performance Shipping Common Shares's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Performance Shipping Common Shares's position in the market.

Rhea-AI Summary
Performance Shipping Inc. (NASDAQ: PSHG) has filed an Amendment No. 2 to the Solicitation/Recommendation Statement on Schedule 14D-9 with the SEC in response to the cash tender offer by Sphinx Investment Corp. to purchase all outstanding shares of the company's common shares and associated preferred stock purchase rights at a price of $3.00 per share in cash. The board of directors has recommended that shareholders reject the offer and not tender any shares pursuant to the offer.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.44%
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none
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Rhea-AI Summary
Performance Shipping Inc. (NASDAQ: PSHG) has announced the sale of the 2007-built Aframax tanker vessel M/T P. Kikuma to an unaffiliated third party for a gross sale price of US$39.3 million. The sale is expected to result in a gain of approximately US$17.3 million for the company, strengthening its fleet profile and enhancing its ability to finance remaining capital expenditures and pursue fleet renewal strategy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.77%
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none
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Rhea-AI Summary
Maxim Group initiates coverage of Performance Shipping Inc. with a 'Buy' rating and $4.00 price target.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.29%
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none
Rhea-AI Summary
Performance Shipping Inc. successfully completes $2 million share repurchase plan, announces new plan
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.33%
Tags
buyback
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Rhea-AI Summary
Performance Shipping Inc. has regained compliance with Nasdaq's minimum bid price requirements for continued listing on the Nasdaq Capital Market. The Company's common shares had a closing bid price of $1.00 per share or greater for at least ten consecutive business days.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.35%
Tags
none
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Rhea-AI Summary
Performance Shipping Inc. has successfully refinanced its existing loan facility by entering into a $20 million Revolving Credit Facility with Nordea Bank. The new facility extends the loan's maturity date to 5 years and will be used to pay off the outstanding debt and meet the company's working capital needs. The RCF carries an interest rate of SOFR plus 2.50% per annum and provides flexibility in drawdown and repayment.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.65%
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none
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
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Performance Shipping Inc. Common Shares

Nasdaq:PSHG

PSHG Rankings

PSHG Stock Data

26.52M
9.99M
8.43%
6.04%
5.95%
Deep Sea Freight Transportation
Transportation and Warehousing
Link
United States of America
Athina

About PSHG

we are an in-house ship management company, wholly-owned by performance shipping inc. we provide administrative, commercial, and technical management services of the highest standard to the performance shipping inc. fleet. we are focused on conducting our operations in a manner that is devoted to safety, human health, quality, and environmental protection.