Stock Mover of the Day: What’s Propelling Seanergy Maritime Holdings Corp. to Increase So Much?

Stock Mover of the Day: What's Propelling Seanergy Maritime Holdings Corp. to Increase So Much?

The stock of Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) is a huge mover today! About 5.08 million shares traded hands or 2374.54% up from the average. Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) has risen 6.18% since April 13, 2016 and is uptrending. It has outperformed by 2.25% the S&P500.
The move comes after 6 months positive chart setup for the $118.99 million company. It was reported on Nov, 15 by Barchart.com. We have $9.61 PT which if reached, will make NASDAQ:SHIP worth $129.70 million more.

According to Zacks Investment Research, “Seanergy Maritime Corp. is a newly organized Business Combination Company, or BCC. A BCC is a blank check company formed for the purpose of acquiring, through a merger, capital stock exchange, asset acquisition or other similar business combination, an unidentified operating business. The Company intends to focus on identifying one or more businesses or assets in the maritime shipping industry, but will not be limited to pursuing acquisition opportunities only within that industry.”

More important recent Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) news were published by: Quotes.Wsj.com which released: “News Seanergy Maritime Holdings Corp.SHIP” on February 11, 2011, also Marketwatch.com published article titled: “Seanergy Maritime Holdings Corp.”, Seekingalpha.com published: “Shipping stocks get their day in the sun” on November 15, 2016. More interesting news about Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) was released by: Marketwired.com and their article: “Seanergy Maritime Holdings Corp. Reports Financial Results for the Fourth …” with publication date: March 15, 2016.

SHIP Company Profile

Seanergy Maritime Holdings Corp. (Seanergy), incorporated on January 4, 2008, is an international shipping company. The Firm specializes in the seaborne transportation of drybulk commodities across the world. The Firm owns over six Capesize and over two Supramax vessels. The Company’s fleet comprises vessels, including Leadership, Gloriuship, Geniuship, Premiership, Squireship, Championship, Gladiatorship and Guardianship. The Company’s subsidiaries, which are all, owned by it either directly or indirectly, conduct all of its activities and own all of its operating assets. The Firm manages its vessel’s operations, insurances and bunkering, and has the general supervision of its third-party technical and commercial managers.

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