Robinhood's Topsy-Turvy Top 10 Shipping Stocks
Retail stock traders have taken center stage this year, embracing speculative bets that institutional investors have shunned. How does this trend affect ocean shipping equities? One indicator is stocks owned by customers of the highly popular Robinhood platform. Robinhood discloses how many of its users own each stock at any given time. This data is downloaded daily and measured over time by Robintrack.net. FreightWaves sifted through the Robintrack database and the Robinhood disclosures and picked out the leading shipping equities. The result is a very, very different Top 10 list than you'd get from institutional investors. #10 — Scorpio Tankers The Robinhood lineup starts out on normal footing with Scorpio Tankers Inc. (NYSE: STNG ). Scorpio is the largest public product-tanker owner. It attracts significant institutional investor interest and garners "buy" recommendations from several sell-side analysts. Scorpio Tankers stock was owned by 5,849 Robinhood users as of Monday. (The data does not show the total number of shares owned, just the number of owners.) (All charts courtesy of Robintrack.net ) Robinhood buyers piled into these shares starting in the second half of April.
Robinhood's Topsy-Turvy Top 10 Shipping Stocks
Retail stock traders have taken center stage this year, embracing speculative bets that institutional investors have shunned. How does this trend affect ocean shipping equities? One indicator is stocks owned by customers of the highly popular Robinhood platform. Robinhood discloses how many of its users own each stock at any given time. This data is downloaded daily and measured over time by Robintrack.net. FreightWaves sifted through the Robintrack database and the Robinhood disclosures and picked out the leading shipping equities. The result is a very, very different Top 10 list than you'd get from institutional investors. #10 — Scorpio Tankers The Robinhood lineup starts out on normal footing with Scorpio Tankers Inc. (NYSE: STNG ). Scorpio is the largest public product-tanker owner. It attracts significant institutional investor interest and garners "buy" recommendations from several sell-side analysts. Scorpio Tankers stock was owned by 5,849 Robinhood users as of Monday. (The data does not show the total number of shares owned, just the number of owners.) (All charts courtesy of Robintrack.net ) Robinhood buyers piled into these shares starting in the second half of April.