Stock Mover of the Day: Seaspan Corporation Can’t Burn Your Long Portfolio. Has Another Strong Session

Stock Mover of the Day: Seaspan Corporation Can't Burn Your Long Portfolio. Has Another Strong Session

The stock of Seaspan Corporation (NYSE:SSW) is a huge mover today! About 862,474 shares traded hands or 33.44% up from the average. Seaspan Corporation (NYSE:SSW) has declined 48.05% since April 8, 2016 and is downtrending. It has underperformed by 53.70% the S&P500.
The move comes after 9 months positive chart setup for the $996.78M company. It was reported on Nov, 10 by Barchart.com. We have $11.44 PT which if reached, will make NYSE:SSW worth $249.20M more.

Seaspan Corporation (NYSE:SSW) Ratings Coverage

Out of 5 analysts covering Seaspan (NYSE:SSW), 0 rate it a “Buy”, 3 “Sell”, while 2 “Hold”. This means 0 are positive. Seaspan has been the topic of 6 analyst reports since September 18, 2015 according to StockzIntelligence Inc. The stock of Seaspan Corporation (NYSE:SSW) has “Sell” rating given on Thursday, November 3 by Citigroup. The rating was downgraded by Barclays Capital to “Underweight” on Friday, April 1. The firm has “Underweight” rating given on Friday, December 18 by JP Morgan. The stock of Seaspan Corporation (NYSE:SSW) earned “Market Perform” rating by Wells Fargo on Friday, November 20. BB&T Capital initiated the shares of SSW in a report on Friday, September 18 with “Hold” rating. The firm earned “Equal Weight” rating on Monday, January 11 by Barclays Capital.

According to Zacks Investment Research, “Seaspan owns containerships and charters them pursuant to long-term fixed-rate charters.”

More important recent Seaspan Corporation (NYSE:SSW) news were published by: Seekingalpha.com which released: “Seaspan Corporation – Industry Uncertainty And Analyst Downgrades. What’s Next …” on November 06, 2016, also Fool.com published article titled: “Seaspan Corporation’s Earnings Stay Afloat Despite Customer Bankruptcy”, Fool.com published: “Better Buy: Seaspan Corporation vs. Navios Maritime Midstream Partners LP” on October 19, 2016. More interesting news about Seaspan Corporation (NYSE:SSW) was released by: Seekingalpha.com and their article: “Seaspan Preferred Shares Near Fair Value” with publication date: November 09, 2016.

SSW Company Profile

Seaspan Corporation, incorporated on May 3, 2005, is an independent charter owner and manager of containerships. The Firm charters pursuant to long-term, fixed-rate time charters with various container liner companies. The Firm operates a fleet of approximately 90 containerships. The Company’s operating vessels include YM Wish, YM Wellhead, YM Witness, COSCO Glory, MOL Emissary, MOL Efficiency, CSCL Brisbane, Jakarta Express, CSCL Manzanillo and Guayaquil Bridge.

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