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Paragon Shipping (PRGN) Jumps: Stock Rises 9.6%
December 16, 2013

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Paragon Shipping Inc. was a big mover last session, as the company saw its shares rise by nearly 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company, as the stock is now up around 32% in the past one-month time frame.

This international shipping company has seen one negative estimate revision in the past one month and its Zacks Consensus Estimate moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if Friday’s move higher can last.

Paragon Shipping currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Investors interested in the shipping industry may consider stocks like Pacific Basin Shipping Ltd. (PCFBY - Free Report) , Neptune Orient Lines Ltd. and Knightsbridge Tankers Limited . While Pacific Basin Shipping and Neptune Orient Lines hold a Zacks Rank #2 (Buy), Knightsbridge Tankers carries a Zacks Rank #1 (Strong Buy).

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