Overall market sentiment has been down on Eagle Bulk Shipping Inc. (EGLE) stock lately. EGLE receives a Bearish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With EGLE Stock Today?
Eagle Bulk Shipping Inc. (EGLE) stock is trading at $46.40 as of 1:15 PM on Monday, May 3, a gain of $3.06, or 7.06% from the previous closing price of $43.34. The stock has traded between $44.01 and $47.79 so far today. Volume today is more active than usual. So far 192,312 shares have traded compared to average volume of 135,317 shares.
To see the top 5 stocks in the Marine Shipping industry click here.
More About Eagle Bulk Shipping Inc.
Eagle Bulk Shipping Inc operates in the shipping and logistics industry. It is engaged in the ocean transportation of dry bulk cargoes through the ownership, charter, and operation of dry bulk vessels. The company's fleet is comprised of Supramax and Ultramax bulk carriers. The firm provides the following services: commercial operations & technical supervision; vessel maintenance & repair; vessel acquisition & sale; finance, accounting, treasury & information technology services; and legal, compliance & insurance services. It transports a broad range of major and minor bulk cargoes, including coal, grain, ore, pet coke, cement, and fertilizer.
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