Capital Product Partners (CPLP) in Focus: Stock Rises 8%

CPLP

Capital Product Partners L.P. (CPLP - Free Report) was a big mover last session, as its shares rose 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. Yesterday’s rally reverses the recent downtrend for the company, as the stock is now down almost 7% in the past one-month time frame.

Over the last 30 days, the company did not two downward estimate revision and the Zacks Consensus Estimate also moved lower, signaling 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.

Capital Product Partners currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

A better-ranked shipping stock is Aegean Marine Petroleum Network Inc. with a Zacks Rank #1 (Strong Buy).

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