Golden Ocean Group Limited was a big mover last session, as the company saw its shares rise over 6% 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 54–60 cents since Feb 24, 2016.
In the last 30 days, the company witnessed two positive estimate revisions and the Zacks Consensus Estimate also moved higher over the same time frame, suggesting that more solid trading could be ahead for Golden Ocean Group. 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.
Golden Ocean Group currently carries a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
Another favorably ranked stock in the same industry is Dorian LPG Ltd. , which currently sports a Zacks Rank #1 (Strong Buy).
Is GOGL going up? Or down? Predict to see what others think: Up or Down
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