Capital Product (CPLP) Soars: Stock Adds 7.6% in Session

Zacks Equity Research

Updated Tue, Jul 19, 2016, 8:30 AM

Capital Product Partners L.P. CPLP was a big mover last session, as the company saw its shares rise almost 8% on the day. The news led to far more shares changing hands than in a normal session, resulting in solid volume. This continues the recent uptrend for the company as the stock is now up 30.14% since Jul 6.

None of the estimates for this stock were revised over the past 30 days and the Zacks Consensus Estimate also remained unchanged. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Capital Product Partners has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Another better-ranked stock in the Shipping industry is Danaos Corporation DAC sporting a Zacks Rank #1 (Strong Buy).

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

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Capital Product (CPLP) Soars: Stock Adds 7.6% in Session

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