Back to top

Image: Bigstock

Star Bulk Carriers (SBLK) in Focus: Stock Up 5.3% in Session

Read MoreHide Full Article

Star Bulk Carriers Corp. (SBLK - Free Report) was a big mover last session, as the company saw its shares rise more than 5% on the day. The stock moved up after JPMorgan analysts upgraded the stock to ‘Overweight’ from ‘Neutral’ and set a price target of $6.50. This led to solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $2.66 to $3.86 over the past one month time frame.

This shipping industry stock witnessed four positive estimate revisions over the past 30 days. The Zacks Consensus Estimate also moved up over the same time frame, suggesting that more solid trading could be ahead for Star Bulk Carriers. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.

Star Bulk Carriers has a Zacks Rank #2 (Buy), while its  Earnings ESP is 0.00%.

Investors interested in the space may also consider Danaos Corporation (DAC - Free Report) , sporting a Zacks Rank #1 (Strong Buy).

Is SBLK going up? Or down? Predict to see what others think: Up or Down

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>


See More Zacks Research for These Tickers


Normally $25 each - click below to receive one report FREE:


Star Bulk Carriers Corp. (SBLK) - free report >>

Danaos Corporation (DAC) - free report >>

Published in