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Eagle Bulk (EGLE) Looks Good: Stock Adds 8.9% in Session

Zacks Equity Research

Eagle Bulk Shipping Inc.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%. 

Eagle Bulk Shipping Inc. Price and Consensus

 

Eagle Bulk Shipping Inc. Price and Consensus | Eagle Bulk Shipping Inc. Quote

Another stock worth considering in the Transportation - Shipping industry is StealthGas Inc.GASS which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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

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