Star Bulk Carriers (SBLK) in Focus: Stock Up 5.3% in Session

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Star Bulk Carriers Corp. SBLK was a big mover last session, as the company saw its shares rise more than 5% on the day. The stock moved up after JPMorgan analysts upgraded the stock to ‘Overweight' from ‘Neutral' and set a price target of $6.50. This led to 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 $2.66 to $3.86 over the past one month time frame.

This shipping industry stock witnessed four positive estimate revisions over the past 30 days. The Zacks Consensus Estimate also moved up over the same time frame, suggesting that more solid trading could be ahead for Star Bulk Carriers. So make sure to keep an eye on this stock going forward to see if yesterday's jump can turn into more strength down the road.

Star Bulk Carriers has a Zacks Rank #2 (Buy), while its  Earnings ESP is 0.00%.

Investors interested in the space may also consider Danaos Corporation DAC, sporting a Zacks Rank #1 (Strong Buy).

Is SBLK going up? Or down? Predict to see what others think: Up or Down

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STAR BULK CARRS SBLK: Free Stock Analysis Report

DANAOS CORP DAC: Free Stock Analysis Report

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