Golden Ocean Group Limited (GOGL - Free Report) was a big mover last session, as its shares rose almost 9% on the day. The move came after the company announced issuance of new shares under the company's 2010 Equity Incentive Plan. This led to 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 $3.50 to $3.96 in the past one-month time frame.
None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Golden Ocean Group currently carries a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
A better-ranked stock in the trans-ship space is KNOT Offshore Partners LP (KNOP - Free Report) , which sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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