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Star Bulk (SBLK) Surges: Stock Moves 9.6% Higher
Star Bulk Carriers Corp. (SBLK - Free Report) was a big mover last session, as the company saw its shares rise 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 30.5% in the past one-month time frame.
The company has seen two negative estimate revision in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few months, suggesting there may be 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.
Star Bulk currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.
Star Bulk Carriers Corp. Price
Star Bulk Carriers Corp. price | Star Bulk Carriers Corp. Quote
A better-ranked stock in the Transportation sector is Frontline Ltd (FRO - Free Report) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
5 Stocks to Soar Past the Pandemic: In addition to the companies you learned about above, we invite you to learn about 5 cutting-edge stocks that could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of the decade.
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