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StockNews.com
StockNews.com
Business
Dipanjan Banchur

Up More Than 75% YTD, is TORM Stock Still a Buy?

Headquartered in London, TORM plc (TRMD) transports refined oil products and crude oil worldwide. The company transports gasoline, jet fuel, and naphtha.

TRMD’s shares have gained 76.1% in price year-to-date and 54.2% over the past year to close the last trading session at $14.02. It is currently trading 4.4% below its 52-week high of $14.68, which it hit on June 2, 2022.

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