2 experts explain why the company whose ship blocked the Suez Canal has seen its stock surge 28% since the incident started

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2 experts explain why the company whose ship blocked the Suez Canal has seen its stock surge 28% since the incident started
2 experts explain why the company whose ship blocked the Suez Canal has seen its stock surge 28% since the incident started
Emily GraffeoApr 13, 2021, 22:00 IST
Suez Canal Authority
Ever Given ship got stuck in the
Suez Canal.
We spoke with two analysts who said its not unusual for freight tanker stocks to see bouts of volatility.
Freight tanker stocks are heavily tied to shipping rates, which have skyrocketed this year.
However, the canal blockage exacerbated supply and demand conditions and pushed rates higher.

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