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What is the Market's View on Eagle Bulk Shipping Inc. (EGLE) Stock's Price and Volume Trends Monday?

Monday, April 19, 2021 01:23 PM | InvestorsObserver Analysts

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What is the Market's View on Eagle Bulk Shipping Inc. (EGLE) Stock's Price and Volume Trends Monday?

Eagle Bulk Shipping Inc. (EGLE) stock has gained 13.73% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.

Sentiment Score - ,bullish
Eagle Bulk Shipping Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on EGLE!

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.

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 EGLE Stock Today?

Eagle Bulk Shipping Inc. (EGLE) stock has gained 8.04% while the S&P 500 is down -0.57% as of 1:22 PM on Monday, Apr 19. EGLE is up $3.00 from the previous closing price of $37.33 on volume of 164,416 shares. Over the past year the S&P 500 has gained 47.41% while EGLE is up 269.32%. EGLE lost -$3.40 per share in the over the last 12 months.

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.

Click Here to get the full Stock Score Report on Eagle Bulk Shipping Inc. (EGLE) Stock.

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