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Strength Seen in Star Bulk Carriers (SBLK): Stock Soars 11.7%


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Star Bulk Carriers Corp. SBLK was a big mover last session, as the company saw its shares rise over 11% 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 $9.57 to $10.63 in the past one-month time frame.

The company has seen three negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, 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 Carriers currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%. 

Star Bulk Carriers Corp. Price and EPS Surprise

Star Bulk Carriers Corp. Price and EPS Surprise | Star Bulk Carriers Corp. Quote

A better-ranked stock in the Transportation sector is CAI International, Inc. CAI , which currently carries a Zacks Rank #1 (Strong Buy). You can see  the complete list of today's Zacks #1 Rank stocks here .

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CAI International, Inc. (CAI): Free Stock Analysis Report

Star Bulk Carriers Corp. (SBLK): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Investing Ideas , Stocks
Referenced Symbols: CAI , SBLK



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