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Global Ship Lease (GSL) in Focus: Stock Moves 7.2% Higher

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Global Ship Lease, Inc. GSL was a big mover last session, as the company saw its shares rise more than 7% on the day. The move came on 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 $6.75 to $8.80 in the past one-month time frame.

The company has seen one negative estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So, make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Global Ship Lease currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.

Price chart for Global Ship
Price chart for Global Ship


Investors interested in the Transportation - Shipping industry may consider Danaos Corporation DAC, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.

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Global Ship Lease, Inc. (GSL) : Free Stock Analysis Report
 
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