Scorpio Tankers Inc. (STNG) was a big mover last session, as the company saw its shares rise more than 5% 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 $8.61 to $9.49 over the past one-month time frame.
The stock witnessed 2 downward revisions in the past 30 days. The Zacks Consensus Estimate also moved down over the same time frame, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher lasts.
Scorpio Tankers carries a Zacks Rack #3 (Hold), while its Earnings ESP is 0.00%.
However, some better-ranked stocks in the shippingindustry include Navios Maritime Holdings Inc. (NM), China COSCO Holdings Company Limited (CICOY) and Euroseas, Ltd. (ESEA). While Navios Maritime Holdingssports a Zacks Rank #1 (Strong Buy), China COSCO Holdings and Euroseashold a Zacks Rank #2 (Buy).
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