Dorian LPG Ltd ( LPG ) shares are trading lower by 9.2% to $45.66 during Thursday’s session after the company announced the pricing of its public offering of 2 million common shares at $44.50 per share. The net proceeds will be used for general corporate purposes.

The company has also granted underwriters a 30-day option to purchase an additional 300,000 shares. Jefferies and SEB are the lead bookrunning managers, with Pareto Securities, Fearnley Securities, Arctic Securities, DNB Markets, BNP PARIBAS and Credit Agricole also participating as joint bookrunning managers.

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Should I Sell My LPG Stock?

When deciding to hold on to or sell a stock, investors should consider their time horizon, unrealized gains and total return.

Shares of Dorian have increased by 94.27% in the past year. An investor who bought shares of Dorian LPG ( LPG ) at the beginning of the year would make a profit of $1.82 per share if they sold it today. The stock has risen 4.12% over the past month, meaning an investor who bought shares on May. 1 would see a capital gain of $2.94.

Dorian LPG ( LPG ) shares have an all-time high of $51.17, representing 12.28% upside from current levels.

Investors may also consider market dynamics. The Relative Strength Index can be used to indicate whether a stock is overbought or oversold. Dorian LPG ( LPG ) stock currently has an RSI of 66.72, indicating neutral conditions.

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LPG has a 52-week high of $51.66 and a 52-week low of $23.09.