Published on 5 Apr 2024 on Zacks via Yahoo Finance

Scorpio Tankers Inc. (STNG) Is a Trending Stock: Facts to Know Before Betting on It

Scorpio Tankers (STNG) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.

Shares of this shipping company have returned +4.1% over the past month versus the Zacks S&P 500 composite's +0.5% change. The Zacks Transportation - Shipping industry, to which Scorpio Tankers belongs, has gained 6% over this period. Now the key question is: Where could the stock be headed in the near term?

Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.