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.
DNB Markets upgraded its Star Bulk Carriers Corp [SBLK] rating to a Hold from a a Sell in a research note published on November 21, 2024; the price target was increased to $20.20 from $19.30. A number of analysts have revised their coverage, including Stifel’s analysts, who decreased its forecast for the stock in late October from “a Buy” to “a Hold”. DNB Markets also remained covering SBLK and has decreased its forecast on October 11, 2024 with a “Sell” recommendation from previously “Hold” rating. Jefferies started covering the stock on July 21, 2022. It rated SBLK as “a Buy”.
Price Performance Review of SBLK
On Tuesday, Star Bulk Carriers Corp [NASDAQ:SBLK] saw its stock jump 1.06% to $17.22. Over the last five days, the stock has lost -7.67%. Star Bulk Carriers Corp shares have fallen nearly -19.00% since the year began. Nevertheless, the stocks have fallen -21.37% over the past one year. While a 52-week high of $27.47 was reached on 05/29/24, a 52-week low of $16.87 was recorded on 12/02/24. SMA at 50 days reached $20.27, while 200 days put it at $22.76.
Levels Of Support And Resistance For SBLK Stock
The 24-hour chart illustrates a support level at 17.11, which if violated will result in even more drops to 16.99. On the upside, there is a resistance level at 17.37. A further resistance level may holdings at 17.51. The Relative Strength Index (RSI) on the 14-day chart is 26.14, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.60, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.44%. Stochastics %K at 6.12% 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 2024-10-31, dropping by -0.25 million shares to a total of 1.45 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.71 million shares. There was a decline of -17.55%, which implies that there is a negative sentiment for the stock.
