Eagle Bulk Shipping, Inc. (EGLE) was a big mover last session, as the company saw its shares rise 13% 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 $3.74 to $4.40 since Mar 20, 2014.
The company has seen no estimate revision over the past few 30 days, while the Zacks Consensus Estimate remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Eagle Bulk Shipping currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
Investors interested in the shipping industry may consider stocks like Knightsbridge Tankers Limited (VLCCF), Euroseas, Ltd. (ESEA) and Frontline Ltd. (FRO). While Knightsbridge Tankers sports a Zacks Rank #1 (Strong Buy), Euroseas and Frontline has a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
To read this article on Zacks.com click here.
Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.
Be the first to comment