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
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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 >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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