Should You Buy Star Bulk Carriers Corp. (SBLK) Stock After it Has Gained 4.80% in a Week?

Star Bulk Carriers Corp. (SBLK) stock is up 4.80% over the past week and gets a Bullish rating from InvestorsObserver 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?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With SBLK Stock Today?

Star Bulk Carriers Corp. (SBLK) stock is trading at $22.91 as of 12:53 PM on Monday, Jan 30, a decline of -$0.48, or -2.05% from the previous closing price of $23.39. The stock has traded between $22.76 and $23.54 so far today. Volume today is 1,203,721 compared to average volume of 1,580,051. To see InvestorsObserver's Sentiment Score for Star Bulk Carriers Corp. click here.

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.