Today’s Market Runner: Will Eagle Bulk Shipping Inc Go Down Anytime Soon?

Today's Market Runner: Will Eagle Bulk Shipping Inc Go Down Anytime Soon?

The stock of Eagle Bulk Shipping Inc (NASDAQ:EGLE) is a huge mover today! About 249,873 shares traded hands. Eagle Bulk Shipping Inc (NASDAQ:EGLE) has declined 48.77% since April 21, 2016 and is downtrending. It has underperformed by 54.10% the S&P500.
The move comes after 8 months positive chart setup for the $280.94M company. It was reported on Nov, 23 by Barchart.com. We have $6.49 PT which if reached, will make NASDAQ:EGLE worth $11.24M more.

Analysts await Eagle Bulk Shipping Inc (NASDAQ:EGLE) to report earnings on March, 29.

According to Zacks Investment Research, “Eagle Bulk Shipping is the largest U.S. based owner of Handymax dry bulk vessels. Handymax dry bulk vessels range in size from 35,000 to 60,000 deadweight tons, or dwt, and transport a broad range of major and minor bulk cargoes, including iron ore, coal, grain, cement and fertilizer, along worldwide shipping routes.”

Insitutional Activity: The institutional sentiment decreased to 0 in Q2 2016. Its down 0.50, from 0.5 in 2016Q1. The ratio dropped, as 20 funds sold all Eagle Bulk Shipping Inc shares owned while 8 reduced positions. 5 funds bought stakes while 9 increased positions. They now own 26.94 million shares or 13.39% less from 31.11 million shares in 2016Q1.
Next Financial Group has invested 0% of its portfolio in Eagle Bulk Shipping Inc (NASDAQ:EGLE). Scepter Inc accumulated 0.1% or 998,543 shares. The New York-based Morgan Stanley has invested 0% in Eagle Bulk Shipping Inc (NASDAQ:EGLE). Geode Capital Mngmt Limited Com owns 14,643 shares or 0% of their US portfolio. Deutsche Bank Ag, a Germany-based fund reported 4,768 shares. Millennium Management Limited Co accumulated 0% or 126,901 shares. Credit Suisse Ag accumulated 39,117 shares or 0% of the stock. Jpmorgan Chase & holds 0% of its portfolio in Eagle Bulk Shipping Inc (NASDAQ:EGLE) for 24,921 shares. National Bank & Trust Of America Corporation De last reported 0% of its portfolio in the stock. Pnc Services reported 522 shares or 0% of all its holdings. Royal Commercial Bank Of Canada, a Ontario – Canada-based fund reported 285 shares. Us National Bank & Trust De accumulated 5 shares or 0% of the stock. State Common Retirement Fund has 20,300 shares for 0% of their US portfolio. Bancorporation Of Montreal Can owns 1 shares or 0% of their US portfolio. Citigroup Inc holds 0% of its portfolio in Eagle Bulk Shipping Inc (NASDAQ:EGLE) for 101 shares.

Insider Transactions: Since August 10, 2016, the stock had 1 buy, and 0 selling transactions for $13.16 million net activity. $13.16M worth of Eagle Bulk Shipping Inc (NASDAQ:EGLE) was bought by GOLDENTREE ASSET MANAGEMENT LP.

More notable recent Eagle Bulk Shipping Inc (NASDAQ:EGLE) news were published by: Prnewswire.com which released: “Eagle Bulk Shipping Announces Acquisition of SDARI-64 Ultramax Newbuilding Vessel” on November 14, 2016, also Prnewswire.com with their article: “Eagle Bulk Shipping Inc. to Issue Third Quarter 2016 Results and Hold Investor …” published on November 01, 2016, Prnewswire.com published: “Eagle Bulk Shipping Inc. Announces Reverse Stock Split” on August 05, 2016. More interesting news about Eagle Bulk Shipping Inc (NASDAQ:EGLE) were released by: Prnewswire.com and their article: “Eagle Bulk Shipping, Inc. Announces Comprehensive Balance Sheet Recapitalization” published on March 30, 2016 as well as Prnewswire.com‘s news article titled: “Eagle Bulk Shipping Inc. Reports Inducement Grants Under NASDAQ Listing Rule …” with publication date: November 09, 2016.

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