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.
As published in a research note from DNB Markets on November 21, 2024, Star Bulk Carriers Corp [SBLK] has been rated up from a Sell to a Hold and the price target has been revised to $20.20 from $19.30. Analysts at Stifel downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in late October. As of October 11, 2024, DNB Markets has decreased its “Hold” rating to a “Sell” for SBLK. Earlier on July 21, 2022, Jefferies initiated its rating. Their recommendation was “a Buy” for SBLK stock.
Analyzing SBLK Stock Performance
During the last five days, there has been a drop of approximately -6.25%. Over the course of the year, Star Bulk Carriers Corp shares have dropped approximately -27.33%. Shares of the company reached a 52-week high of $27.47 on 05/29/24 and a 52-week low of $15.34 on 12/12/24. A 50-day SMA is recorded $19.27, while a 200-day SMA reached $22.52. Nevertheless, trading volume fell to 2.81 million shares from 3.0 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 15.31, which, if violated, would cause prices to drop to 15.18. In the upper region, resistance lies at 15.61. The next price resistance is at 15.77. RSI (Relative Strength Index) is 20.63 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.26, which suggests the price will decrease in the coming days. Percent R is at 96.92%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
