Star Bulk Carriers Corp. (SBLK) Stock: What Does the Chart Say Friday?

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?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With SBLK Stock Today?

Star Bulk Carriers Corp. (SBLK) stock is trading at $31.51 as of 2:14 PM on Friday, May 20, a drop of -$0.70, or -2.17% from the previous closing price of $32.21. The stock has traded between $31.11 and $33.09 so far today. Volume today is 2,014,724 compared to average volume of 2,317,379.

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.