Back to top

Image: Bigstock

Strength Seen in Star Bulk Carriers (SBLK): Stock Soars 11.7%

Read MoreHide Full Article

Star Bulk Carriers Corp. (SBLK - Free Report) was a big mover last session, as the company saw its shares rise over 11% on the day. The move came on 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 $9.57 to $10.63 in the past one-month time frame.

The company has seen three negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Star Bulk Carriers currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%. 

Star Bulk Carriers Corp. Price and EPS Surprise

 

Star Bulk Carriers Corp. Price and EPS Surprise | Star Bulk Carriers Corp. Quote

A better-ranked stock in the Transportation sector is CAI International, Inc. , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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

One Simple Trading Idea

Since 1988, the Zacks system has more than doubled the S&P 500 with an average gain of +25% per year. With compounding, rebalancing, and exclusive of fees, it can turn thousands into millions of dollars.

This proven stock-picking system is grounded on a single big idea that can be fortune shaping and life changing. You can apply it to your portfolio starting today.

Learn more >>
 


See More Zacks Research for These Tickers


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


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

Published in