Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Star Bulk Carriers Corp shares valued at $344,956 were purchased by Norton Hamish on Aug 12 ’24. At $20.97 per share, Norton Hamish acquired 16,450 shares.
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As published in a research note from Stifel on October 23, 2024, Star Bulk Carriers Corp [SBLK] has been rated down from a Buy to a Hold and the price target has been revised to $21 from $30. Analysts at DNB Markets downgraded the stock from ‘”a Hold”‘ to ‘”a Sell”‘ outlook in a report released in mid October. As of July 21, 2022, Jefferies has initiated its “Buy” rating for SBLK.
Analyzing SBLK Stock Performance
During the last five days, there has been a drop of approximately -5.53%. Over the course of the year, Star Bulk Carriers Corp shares have dropped approximately -10.77%. Shares of the company reached a 52-week high of $27.47 on 05/29/24 and a 52-week low of $18.92 on 10/30/24. A 50-day SMA is recorded $20.80, while a 200-day SMA reached $22.94. Nevertheless, trading volume fell to 4.5 million shares from 1.98 million shares the previous day.
Support And Resistance Levels for Star Bulk Carriers Corp (SBLK)
According to the 24-hour chart, there is a support level at 18.53, which, if violated, would cause prices to drop to 18.09. In the upper region, resistance lies at 19.81. The next price resistance is at 20.64. RSI (Relative Strength Index) is 36.48 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.03, which suggests the price will decrease in the coming days. Percent R is at 97.21%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
