Price Action To Observe: What’s in Eagle Bulk Shipping Inc After Today’s Big Increase?

Price Action To Observe: What's in Eagle Bulk Shipping Inc After Today's Big Increase?

The stock of Eagle Bulk Shipping Inc (NASDAQ:EGLE) is a huge mover today! About 5.97M shares traded hands or 1159.44% up from the average. Eagle Bulk Shipping Inc (NASDAQ:EGLE) has declined 41.35% since April 13, 2016 and is downtrending. It has underperformed by 45.27% the S&P500.
The move comes after 6 months positive chart setup for the $440.18M company. It was reported on Nov, 15 by Barchart.com. We have $20.51 PT which if reached, will make NASDAQ:EGLE worth $515.01M more.

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 dived, 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.
Oaktree Mgmt Lp holds 15.71M shares or 0.12% of its portfolio. Ladenburg Thalmann Fincl Services has 5 shares for 0% of their US portfolio. Goldman Sachs Grp Incorporated has 77,218 shares for 0% of their US portfolio. Blackrock Institutional Na, a California-based fund reported 95,876 shares. Wells Fargo Co Mn accumulated 0% or 11 shares. Oakworth holds 2 shares or 0% of its portfolio. The New York-based State Common Retirement Fund has invested 0% in Eagle Bulk Shipping Inc (NASDAQ:EGLE). Bank & Trust Of America De, a North Carolina-based fund reported 8,746 shares. Next Financial Group Inc Inc has invested 0% of its portfolio in Eagle Bulk Shipping Inc (NASDAQ:EGLE). Vanguard Group holds 0% or 787,259 shares in its portfolio. National Bank & Trust Of Montreal Can last reported 0% of its portfolio in the stock. Paloma Ptnrs Management last reported 0% of its portfolio in the stock. Geode Cap Management Limited Liability Company holds 0% or 14,643 shares in its portfolio. Scepter has 0.1% invested in the company for 998,543 shares. Goldentree Asset Mgmt Lp last reported 0.52% of its portfolio in the stock.

Insider Transactions: Since August 10, 2016, the stock had 1 insider buy, and 0 insider sales for $13.16 million net activity. Another trade for 4.39M shares valued at $13.16 million was made by GOLDENTREE ASSET MANAGEMENT LP on Wednesday, August 10.

More notable recent Eagle Bulk Shipping Inc (NASDAQ:EGLE) news were published by: Fool.com which released: “Why Eagle Bulk Shipping Stock Jumped 37% (More) Today” on November 14, 2016, also Prnewswire.com with their article: “Eagle Bulk Shipping Inc. Reports Inducement Grants Under NASDAQ Listing Rule …” published on November 09, 2016, Prnewswire.com published: “Eagle Bulk Shipping Inc. to Issue Third Quarter 2016 Results and Hold Investor …” on November 01, 2016. More interesting news about Eagle Bulk Shipping Inc (NASDAQ:EGLE) were released by: Prnewswire.com and their article: “Eagle Bulk Shipping Inc. Announces Reverse Stock Split” published on August 05, 2016 as well as Prnewswire.com‘s news article titled: “Eagle Bulk Shipping, Inc. Announces Comprehensive Balance Sheet Recapitalization” with publication date: March 30, 2016.

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