We recently published a list of Why These 10 Firms Soared on Monday. In this article, we are going to take a look at where Frontline PLC (NYSE:FRO) stands against other Monday’s best performers.

The stock market kicked off the trading week on a negative note as investors sold off on a new round of uncertainties from President Donald Trump’s tariff policies.

The Nasdaq fell by 0.74 percent, while the S&P 500 dropped 0.64 percent and the Dow Jones was down by 0.24 percent.

Over the weekend, Trump told reporters that the US was negotiating with many countries, “but at the end of this, I’ll set my own deals — because I set the deal, they don’t set the deal.”

He added that he had no intentions to talk with Chinese President Xi Jinping, dampening hopes of a potential negotiation between the two of the world’s largest economies.

Beyond the major indices, 10 companies stood out with strong gains amid a flurry of fresh developments. In this article, we name Monday’s 10 best performers and detail the reasons behind their gains.

To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume.Why Frontline PLC (FRO) Soared on Monday

A fleet of oil tankers sailing across the open sea under a clear sky.

Frontline PLC (NYSE:FRO)

Frontline PLC, a Cyprus-based oil shipping company, saw its share prices grow by 3.85 percent on Monday to close at $17.79 apiece, as investors snapped up shares following news that oil-producing countries agreed to ramp up production next month.

According to the Organization of the Petroleum Exporting Countries (OPEC)+, members agreed to hike production by another 411,000 barrels per day after boosting production by the same amount this month.

Following the news, prices of Brent crude and WTI declined by 1.63 percent and 1.97 percent, respectively.

Meanwhile, the move spelled good news for Frontline PLC (NYSE:FRO) as more oil production would result in further crude oil shipment orders.

Meanwhile, Frontline PLC (NYSE:FRO) is expected to release the results of its first quarter earnings performance on May 30.

Investment firm Zacks Research recently assigned the company a “strong buy” triggered by an upward trend in its earnings estimates.

Overall, FRO ranks 8th on our list of Monday’s best performers. While we acknowledge the potential of FRO as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than FRO but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

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READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.

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