Is it Time to Dump Star Bulk Carriers Corp (SBLK) Stock After it Has Gained 4.90% in a Week?

The market has been high on Star Bulk Carriers Corp (SBLK) stock recently. SBLK gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Star Bulk Carriers Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on SBLK!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With SBLK Stock Today?

Star Bulk Carriers Corp (SBLK) stock is down -0.48% while the S&P 500 is up 0.51% as of 10:50 AM on Wednesday, Nov 15. SBLK has fallen -$0.09 from the previous closing price of $18.94 on volume of 147,878 shares. Over the past year the S&P 500 has gained 14.19% while SBLK has fallen -8.41%. SBLK earned $7.07 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 2.66.

More About Star Bulk Carriers Corp

Star Bulk Carriers Corp provides seaborne transportation solutions in the dry bulk sector. The company owns and operates dry bulk carrier vessels, which are used to transport major bulks, such as iron ore, coal, grains, bauxite, fertilizers, and steel products. It owns a fleet of vessels that consists of Newcastlemax, Capesize, Post Panamax, Kamsarmax, Panamax, Panamax, and Supramax. It generates revenues through the voyages it carries out. Click Here to get the full Stock Report for Star Bulk Carriers Corp stock.