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Navios Maritime (NMM) Looks Good: Stock Adds 8% in Session

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Navios Maritime Partners L.P. (NMM - Free Report) was a big mover last session, as the company saw its shares rise more than 8% 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 30.2% in the past one-month time frame.

The company has seen one positive estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Navios Maritime. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

Navios Maritime has a Zacks Rank #2 (Buy) while its Earnings ESP  is 0.00%.

Navios Maritime Partners LP Price

Navios Maritime Partners LP Price

 Navios Maritime Partners LP Quote

Investors interested in the Transportation - Shipping industry may consider Orient Overseas International Ltd. (OROVY - Free Report) which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

 

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