Price Action Alert: What’s Propelling TOP SHIPS Inc to Increase So Much?

Price Action Alert: What's Propelling TOP SHIPS Inc to Increase So Much?

The stock of TOP SHIPS Inc (NASDAQ:TOPS) is a huge mover today! About 898,645 shares traded hands or 377.59% up from the average. TOP SHIPS Inc (NASDAQ:TOPS) has risen 25.67% since April 8, 2016 and is uptrending. It has outperformed by 20.02% the S&P500.
The move comes after 8 months positive chart setup for the $13.83M company. It was reported on Nov, 10 by Barchart.com. We have $7.26 PT which if reached, will make NASDAQ:TOPS worth $20.33M more.

According to Zacks Investment Research, “TOP SHIPS Inc., formerly known as TOP Tankers Inc., is an international provider of worldwide seaborne crude oil and petroleum products and of drybulk transportation services. Upon delivery of one tanker to its new owners, the Company will operate a fleet of 19 tankers, consisting of 11 double-hull Suezmax tankers and 8 double-hull Handymax tankers, with a total carrying capacity of approximately 2.0 million dwt, of which 78% are sister ships, and two drybulk vessels.”

More notable recent TOP SHIPS Inc (NASDAQ:TOPS) news were published by: Quotes.Wsj.com which released: “TOP Ships Inc. TOPS (US: Nasdaq)” on February 11, 2011, also Globenewswire.com with their article: “TOP Ships Inc. Announces Interim Financial Results for Period Ended June 30, 2016” published on July 29, 2016, Globenewswire.com published: “TOP Ships Inc. Announces Delivery of Sixth Newbuilding Vessel and Completion …” on August 10, 2016. More interesting news about TOP SHIPS Inc (NASDAQ:TOPS) were released by: Globenewswire.com and their article: “TOP Ships Inc. Announces Corporate Developments” published on February 01, 2016 as well as Globenewswire.com‘s news article titled: “TOP Ships Inc. Announces $15.0 Million Unsecured Revolving Credit Facility and …” with publication date: December 24, 2015.

TOPS Company Profile

Top Ships Inc., incorporated on January 10, 2000, is an international well-known provider of oil, petroleum products and chemicals transportation services. The Firm owns and operates eco medium range (MR) tanker vessels focusing on the transportation of crude oil, petroleum products (clean and dirty) and bulk liquid chemicals.

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