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NASDAQ:TRMD 7 January 2026

TORM (TRMD) stock jumps as Oaktree drops below one-third — what changes next

TORM (TRMD) stock jumps as Oaktree drops below one-third — what changes next

TORM shares rose 6.7% to $21.85 after Oaktree Capital’s stake dropped below one-third, triggering a governance overhaul and ending special voting rights. Deputy Chairman David Weinstein exited the board immediately. Hafnia recently acquired 13.97% of TORM and may explore a business combination. Investors await the Feb. 26 annual report and the cancellation of B and C shares.
7 January 2026

Stock Market Today

  • Stocks Rally as Bond Market Pressure Eases and Oil Prices Drop
    May 20, 2026, 6:48 PM EDT. U.S. stocks rebounded Wednesday with the S&P 500 climbing 1.1%, the Dow Jones rising 1.3%, and Nasdaq up 1.5%. The recovery followed a drop in the 10-year Treasury yield to 4.57%, easing bond market pressure after recent rapid climbs that had unsettled markets globally. Brent crude oil prices fell 5.6% to $105.02 a barrel, easing inflation and economic growth concerns tied to energy costs. Tech stocks led gains, with Nvidia advancing 1.3%, AMD 8.1%, and Intel 7.4%, buoyed by earnings forecasts. Smaller firms also surged, with the Russell 2000 index jumping 2.6%. The easing of high yields, which influence borrowing costs and investment risk, offered relief to markets amid geopolitical tensions and inflation fears.

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