Navios Maritime (NMM) in Focus: Stock Moves 15.1% Higher
Navios Maritime Partners L.P. NMM was a big mover last session, as the company saw its shares rise more than 15% on the day. The move came on solid volume with far more shares changing hands than in a normal session. This reverses the recent trend of the company as the stock is now down 39.1% in the past one-month time frame.
None of the estimates for this shipping industry stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Navios Maritime has a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.
However, a better-ranked stock in the same space is Danaos Corporation DAC, sporting a Zacks Rank #1 (Strong Buy).
Is NMM going up? Or down? Predict to see what others think: Up or Down
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