RTTNews | Jan 18, 2022 11:17AM EST

11:17 Tuesday, January 18, 2022 (RTTNews.com) - Bermuda-based oil and gas company, FLEX LNG Ltd. (FLNG), is trading 11% lower on the market despite the company not reporting any stock-specific news to affect the stock.

The company primarily deals in natural gas and oil which it exports worldwide. The stock gained momentum earlier this month. Last week the stock gained almost 14% on the market, the most among the LNG companies listed on the S&P 500 index which lost 0.3%. In the last 6 months, the stock has gained 66%.

The stock is currently trading at $22.24, down $2.66 or 10.68% since the previous close at $24.90. In the morning the stock opened at $24.72. The shares have ranged between $7.81 and $26.26 in the last 52-week period.

Read the original article on RTTNews ( https://www.rttnews.com/3255672/flex-lng-drops-11-after-a-positive-week.aspx)

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