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).
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 >>
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
FRONTLINE LTD (FRO): Free Stock Analysis Report
COSTAMARE INC (CMRE): Free Stock Analysis Report
KIRBY CORP (KEX): Free Stock Analysis Report
SHIP FIN INTL (SFL): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
