Frontline Ltd. (FRO) 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 $1.19 to $1.48 in the past one-month time frame.
The company has seen no estimate revision in the past 30 days, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting more solid trading ahead. 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.
Frontline currently has a Zacks Rank #2 (Buy) while its Earnings ESP is positive.
Some well-performing stocks include Costamare Inc. (CMRE), Kirby Corporation (KEX) and Ship Finance International Limited (SFL). All these stock sport a Zacks Rank #1 (Strong Buy).
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