On the same day it reported its best quarterly earnings ever, Tsakos Energy Navigation (TEN) suffered a major sell-off in its stock, with the price down more than 17% in late-afternoon trading on Thursday on the New York Stock Exchange.
While the reason was unclear, all fingers seemed to point to a disclosure in the earnings report that TEN had in the past quarter issued 569,207 new common shares to raise $10.4m
