In a filing, Pangaea Logistics Solutions Ltd revealed its 10% Owner Strategic Shipping Inc. acquired Company’s shares for reported $0.11 million on Jun 03 ’25. In the deal valued at $4.48 per share,25,500 shares were bought. As a result of this transaction, Strategic Shipping Inc. now holds 18,824,875 shares worth roughly $89.04 million.
Then, Strategic Shipping Inc. bought 5,918 shares, generating $26,572 in total proceeds. Upon buying the shares at $4.49, the 10% Owner now owns 18,830,793 shares.
Before that, Strategic Shipping Inc. bought 50,000 shares. Pangaea Logistics Solutions Ltd shares valued at $222,000 were divested by the 10% Owner at a price of $4.44 per share. As a result of the transaction, Strategic Shipping Inc. now holds 18,799,375 shares, worth roughly $88.92 million.
Alliance Global Partners upgraded its Pangaea Logistics Solutions Ltd [PANL] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Alliance Global Partners’s analysts, who decreased its forecast for the stock in early February from “a Buy” to “a Neutral”. Alliance Global Partners began covering PANL with “Buy” recommendation on August 03, 2022. B. Riley Securities started covering the stock on September 17, 2021. It rated PANL as “a Buy”.
Price Performance Review of PANL
On Tuesday, Pangaea Logistics Solutions Ltd [NASDAQ:PANL] saw its stock jump 1.72% to $4.73. Over the last five days, the stock has lost -1.25%. Pangaea Logistics Solutions Ltd shares have fallen nearly -11.75% since the year began. Nevertheless, the stocks have fallen -38.81% over the past one year. While a 52-week high of $8.00 was reached on 01/16/25, a 52-week low of $3.93 was recorded on 04/04/25.
Levels Of Support And Resistance For PANL Stock
The 24-hour chart illustrates a support level at 4.64, which if violated will result in even more drops to 4.55. On the upside, there is a resistance level at 4.82. A further resistance level may holdings at 4.92.
