Eagle Bulk Shipping Inc. (NASDAQ:EGLE) was a big mover last session, as the company saw its shares rise almost 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $4.35 –$5.00 in the past one-month time frame, witnessed a sharp increase yesterday.
The company has not seen any estimate revisions over the past few weeks, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Eagle Bulk currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
Another stock worth considering in the Transportation - Shipping industry is StealthGas Inc. (NASDAQ:GASS) which 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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Eagle Bulk Shipping Inc. (EGLE): Free Stock Analysis Report
StealthGas, Inc. (GASS): Free Stock Analysis Report
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