The stock of Stellar Acquisition III Inc. (NASDAQ:STLR) reached all time high today, Nov, 24 and still has $10.65 target or 7.00% above today’s $9.95 share price. This indicates more upside for the $89.29 million company. This technical setup was reported by Barchart.com. If the $10.65 PT is reached, the company will be worth $6.25M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 0.40% or $0.04 on November 23, hitting $9.95. About 10,900 shares traded hands or 3849.28% up from the average. Stellar Acquisition III Inc. (NASDAQ:STLR) has risen 6.00% since October 25, 2016 and is uptrending. It has outperformed by 0.59% the S&P500.
According to Zacks Investment Research, “Stellar Acquisition III Inc. intends to acquire through a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, recapitalization, exchangeable share transaction or other similar business. Stellar Acquisition III Inc. is based in Athens, Greece.”
More notable recent Stellar Acquisition III Inc. (NASDAQ:STLR) news were published by: Nasdaq.com which released: “STELLAR ACQUISITION III INC. (STLRU) IPO” on July 04, 2016, also Marketwatch.com with their article: “Stellar Acquisition III Inc. Announces Pricing of $65000000 Initial Public …” published on August 19, 2016, Marketwatch.com published: “Stellar Acquisition III Inc. Un” on July 03, 2016. More interesting news about Stellar Acquisition III Inc. (NASDAQ:STLR) were released by: Renaissancecapital.com and their article: “Stellar Acquisition III decreases proposed IPO deal size” published on August 15, 2016 as well as Marketwired.com‘s news article titled: “Stellar Acquisition III Inc. Completes $65000000 Initial Public Offering” with publication date: August 24, 2016.
STLR Company Profile
Stellar Acquisition III Inc. is a blank check company. The Firm focuses its search on identifying a target business in the international energy logistics industry.
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