






Cool Company Ltd (NYSE: $CLCO) experienced significant trading activity, closing with a volume of 1.9 million shares, which is 15 times its average volume. The stock price fell by 11% following reports of a sell rating from a newsletter, raising concerns about potential earnings leaks or a dividend cut. Despite this, the company maintained its dividend of 41 cents and guided for higher revenues in Q3. On August 30, $CLCO showed signs of recovery, rising by 5% in pre-market trading with a volume of 22,000 shares and receiving upgrades from several analysts. The stock's recent volatility has attracted attention, especially as it rebounded from a dip earlier in the week, leading to a 15% gain for those who bought during the downturn. In the broader market, $IMPP also performed well, increasing by 5%, while shipping equities overall outperformed, with $CLCO and $IMPP noted as top performers for the day.