Notable Mover: What’s Propelling Seanergy Maritime Holdings Corp. to Decline So Much?

Notable Mover: What's Propelling Seanergy Maritime Holdings Corp. to Decline So Much?

The stock of Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) is a huge mover today! About 2.48 million shares traded hands or 98.40% up from the average. Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) has risen 65.25% since April 18, 2016 and is uptrending. It has outperformed by 60.82% the S&P500.
The move comes after 7 months negative chart setup for the $31.39M company. It was reported on Nov, 18 by Barchart.com. We have $2.46 PT which if reached, will make NASDAQ:SHIP worth $3.77M less.

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 recent Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) news were published by: Marketwired.com which released: “Seanergy Maritime Holdings Corp. Announces Pricing of $3.6 Million Registered …” on November 18, 2016. Also Quotes.Wsj.com published the news titled: “News Seanergy Maritime Holdings Corp.SHIP” on February 11, 2011. Marketwatch.com‘s news article titled: “Seanergy Maritime Holdings Corp.” with publication date: December 22, 2009 was also an interesting one.

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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