Markets

Golden Ocean Group (GOGL) Looks Good: Stock Rises 6.4%

Golden Ocean Group LimitedGOGL was a big mover last session, as the company saw its shares rise above 6% on the day. The move came on solid volume 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 $3.49 to $4.25 in the past one-month time frame.

In the last 30 days, the company has seen no estimate revision but the Zacks Consensus Estimate moved lower, 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.

Golden Ocean Group currently holds a Zacks Rank #2 (Buy), while its Earnings ESP is negative.

GOLDEN OCEAN GP Price

GOLDEN OCEAN GP Price | GOLDEN OCEAN GP Quote

Another well-ranked Transport-Ship stock is Aegean Marine Petroleum Network Inc. ANW , which sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .

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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.


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

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