Why Shares Of Navigator Holdings Are Trading Higher On Wednesday

Shares of Navigator Holdings NVGS were trading higher by more than 11 percent on Wednesday. The move is attributed to positive commentary issued by CNBC's Jim Cramer during Tuesday's ‘Mad Money' episode. Cramer may have suggested that investors have been wrong in selling shares of Navigator Holdings, a shipper of natural gas. Shares of Navigator Holdings have fallen more than 40 percent as a result of investor fears of slumping oil prices. “This is nothing more than lazy, slopping thinking,” Cramer said. “The reality is that Navigator Holdings has very little to do with oil prices, but investors get spooked out of the stock because they fail to understand that the value of the company's ships is simply not correlated with energy prices.” Cramer also stated that shares should be considered to be a great bargain at current prices.