In a filing, Star Bulk Carriers Corp revealed its Officer Norton Hamish acquired Company’s shares for reported $0.34 million on Aug 12 ’24. In the deal valued at $20.97 per share,16,450 shares were bought.
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DNB Markets downgraded its Star Bulk Carriers Corp [SBLK] rating to a Sell from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in late July with a ‘”a Buy”‘ rating. Pareto revised its rating on February 23, 2022. It rated SBLK as “a Hold” which previously was an “a Buy”.
Price Performance Review of SBLK
On Tuesday, Star Bulk Carriers Corp [NASDAQ:SBLK] saw its stock fall -3.46% to $19.92. Over the last five days, the stock has lost -9.23%. Star Bulk Carriers Corp shares have fallen nearly -6.28% since the year began. Nevertheless, the stocks have risen 1.09% over the past one year. While a 52-week high of $27.47 was reached on 05/29/24, a 52-week low of $17.91 was recorded on 09/10/24. SMA at 50 days reached $21.47, while 200 days put it at $23.16.
Levels Of Support And Resistance For SBLK Stock
The 24-hour chart illustrates a support level at 19.73, which if violated will result in even more drops to 19.54. On the upside, there is a resistance level at 20.25. A further resistance level may holdings at 20.57. The Relative Strength Index (RSI) on the 14-day chart is 31.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.76, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.36%. Stochastics %K at 3.31% indicates the stock is a buying.
How much short interest is there in Star Bulk Carriers Corp?
A steep rise in short interest was recorded in Star Bulk Carriers Corp stocks on 2024-09-30, dropping by -0.85 million shares to a total of 1.71 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 2.55 million shares. There was a decline of -49.67%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on September 13, 2021 when H.C. Wainwright began covering the stock and recommended ‘”a Buy”‘ rating along with a $35 price target.
