Price Action to Note: What Will Happen to Eagle Bulk Shipping Inc Next? The Stock Just Declined A Lot

Price Action to Note: What Will Happen to Eagle Bulk Shipping Inc Next? The Stock Just Declined A Lot

The stock of Eagle Bulk Shipping Inc (NASDAQ:EGLE) is a huge mover today! The stock decreased 3.53% or $0.26 during the last trading session, hitting $7.1. About 84,438 shares traded hands. Eagle Bulk Shipping Inc (NASDAQ:EGLE) has declined 49.50% since February 29, 2016 and is downtrending. It has underperformed by 59.92% the S&P500.
The move comes after 8 months negative chart setup for the $354.29M company. It was reported on Oct, 1 by Barchart.com. We have $6.39 PT which if reached, will make NASDAQ:EGLE worth $35.43 million less.

Analysts await Eagle Bulk Shipping Inc (NASDAQ:EGLE) to report earnings on November, 21.

According to Zacks Investment Research, “Eagle Bulk Shipping is the largest U.S. based owner of Handymax dry bulk vessels. Handymax dry bulk vessels range in size from 35,000 to 60,000 deadweight tons, or dwt, and transport a broad range of major and minor bulk cargoes, including iron ore, coal, grain, cement and fertilizer, along worldwide shipping routes.”

Insitutional Activity: The institutional sentiment decreased to 0.5 in Q2 2016. Its down 0.24, from 0.74 in 2016Q1. The ratio is negative, as 20 funds sold all Eagle Bulk Shipping Inc shares owned while 8 reduced positions. 5 funds bought stakes while 9 increased positions. They now own 26.94 million shares or 13.39% less from 31.11 million shares in 2016Q1.
Deutsche Bank & Trust Ag holds 0% of its portfolio in Eagle Bulk Shipping Inc (NASDAQ:EGLE) for 4,768 shares. Kcg accumulated 26,140 shares or 0% of the stock. Citigroup accumulated 0% or 101 shares. Wells Fargo & Mn holds 11 shares or 0% of its portfolio. Oakworth Cap Inc has 0% invested in the company for 2 shares. Paloma Management has invested 0% of its portfolio in Eagle Bulk Shipping Inc (NASDAQ:EGLE). Us National Bank & Trust De reported 5 shares or 0% of all its holdings. Neuberger Berman Gp Ltd last reported 0% of its portfolio in the stock. Royal Bank & Trust Of Canada reported 285 shares or 0% of all its holdings. Ladenburg Thalmann Financial Services Incorporated last reported 0% of its portfolio in the stock. Manufacturers Life Insurance Com The holds 0% or 7,447 shares in its portfolio. Financial Bank Of Montreal Can has 1 shares for 0% of their US portfolio. Oaktree Mgmt Lp, a California-based fund reported 15.71 million shares. Moreover, Vanguard Gp has 0% invested in Eagle Bulk Shipping Inc (NASDAQ:EGLE) for 787,259 shares. Morgan Stanley last reported 0% of its portfolio in the stock.

Insider Transactions: Since August 10, 2016, the stock had 1 buy, and 0 sales for $13.16 million net activity. GOLDENTREE ASSET MANAGEMENT LP had bought 4.39M shares worth $13.16 million on Wednesday, August 10.

More notable recent Eagle Bulk Shipping Inc (NASDAQ:EGLE) news were published by: Prnewswire.com which released: “Frank De Costanzo Joins Eagle Bulk Shipping as Chief Financial Officer” on September 29, 2016, also Prnewswire.com with their article: “Eagle Bulk Shipping Inc. Announces $85.0 Million Private Placement of Common Stock” published on July 05, 2016, Investorplace.com published: “Eagle Bulk Shipping Inc (EGLE): The Move of the Day” on August 26, 2016. More interesting news about Eagle Bulk Shipping Inc (NASDAQ:EGLE) were released by: Prnewswire.com and their article: “Eagle Bulk Shipping Inc. Announces Closing of $88.0 Million Private Placement …” published on August 10, 2016 as well as Prnewswire.com‘s news article titled: “Eagle Bulk Shipping Inc. Announces Reverse Stock Split” with publication date: August 05, 2016.

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