TORM (TRMD) stock jumps as Oaktree drops below one-third — what changes next
NEW YORK, Jan 7, 2026, 12:46 EST — Regular session TORM plc shares jumped 6.7% to $21.85 in midday U.S. trade on Wednesday. The product tanker owner said Oaktree Capital Management and its affiliates have fallen below a one-third ownership threshold, triggering a governance reset. Nasdaq That matters now because the “threshold date” strips out a set of limits written…