Frontline Ltd. FRO was a big mover last session, as the company saw its shares rise nearly 13% 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 $5.93 –$7.40 in the past one-month time frame, witnessed a sharp increase yesterday.
The company has seen two positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Frontline. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Frontline currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is positive.
Frontline Ltd. Price
Frontline Ltd. Price | Frontline Ltd. Quote
Investors interested in the Transportation - Shipping industry may consider GasLog Ltd. GLOG, which has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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