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Scorpio Bulkers (SALT) Looks Good: Stock Adds 6.1% in Session

Zacks Equity Research

Scorpio Bulkers Inc. SALT  was a big mover last session, as the company saw its shares rise over 6% 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 $7.2–$7.9 in the past one-month time frame, witnessed a sharp increase on Friday.

The company has seen no estimate revisions over the past one month, and the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.    

Scorpio Bulkers currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

Scorpio Bulkers Inc. Price and Consensus

Scorpio Bulkers Inc. Price and Consensus | Scorpio Bulkers Inc. Quote

A better ranked stock in the  Transportation - Shipping industry is Navios Maritime Holdings Inc. NM which also carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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

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