Star Bulk Carriers Corp’s recently made public that its Self Koert Erhardt acquired Company’s shares for reported $0.17 million on Dec 18 ’24. In the deal valued at $15.04 per share,11,500 shares were bought.
Then, Zagari Raffaele bought 11,500 shares, generating $172,500 in total proceeds.
Before that, Norton Hamish bought 16,450 shares. Star Bulk Carriers Corp shares valued at $344,956 were divested by the Officer at a price of $20.97 per share.
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 0.95% to $14.82. Over the last five days, the stock has gained 0.82%. Star Bulk Carriers Corp shares have fallen nearly -0.87% since the year began. Nevertheless, the stocks have fallen -31.74% over the past one year. While a 52-week high of $27.47 was reached on 01/02/25, a 52-week low of $14.56 was recorded on 01/07/25. SMA at 50 days reached $17.39, while 200 days put it at $21.78.
Levels Of Support And Resistance For SBLK Stock
The 24-hour chart illustrates a support level at 14.65, which if violated will result in even more drops to 14.47. On the upside, there is a resistance level at 14.99. A further resistance level may holdings at 15.15. The Relative Strength Index (RSI) on the 14-day chart is 35.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.68%. Stochastics %K at 31.09% indicates the stock is a holding.
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.
