NEW YORK, November 27, 2017 /PRNewswire/ --
In keeping with the commitment to dynamically provide members with timely information WallStEquities.com has issued free tailored Stock Review on SBLK, TOPS, GLNG, and TNK which is a click away at http://www.wallstequities.com/registration. Today's research on WallStEquities.com is centered on the Shipping industry, which is the lifeblood of the global economy. According to a report on The Balance last July, while the sector has struggled over the past several years, investors may want to consider adding exposure into their portfolios as the global economic rebound continues in 2017. Lined up for assessment this morning are the following companies: Star Bulk Carriers Corp. (NASDAQ: SBLK), Top Ships Inc. (NASDAQ: TOPS), Golar LNG Ltd (NASDAQ: GLNG), and Teekay Tankers Ltd (NYSE: TNK). Free Downloads on Wall St. Equities today, sign up now and access these stocks' research reports at:
Star Bulk Carriers
Maroussi, Greece-based Star Bulk Carriers Corp.'s shares rose 1.46%, finishing last Friday's session at $9.75. A total volume of 331,763 shares was traded. The stock has surged 90.80% since the start of this year. The Company's shares are trading below their 200-day moving average by 1.50%. Additionally, shares of the Company, which engages in the ocean transportation of dry bulk cargoes worldwide, have a Relative Strength Index (RSI) of 47.45.
On October 30th, 2017, Star Bulk Carriers (SBLK) announced the expansion and diversification of the Company's commercial activity with the launch of the new subsidiary Star Logistics Management S.A. Star Logistics will focus on servicing the end user by connecting origination and destination of dry bulk commodities. The move is expected to further expand the commercial capability of SBLK through additional commercial expertise and advanced tools on the Kamsarmax and geared bulk carriers. Free Access to this morning's research report on SBLK at:
On Friday, shares in Maroussi, Greece-based Top Ships Inc. ended the session 6.36% lower at $0.47. The stock recorded a trading volume of 5.24 million shares. The Company's shares are trading below their 50-day moving average by 30.07%. Moreover, shares of Top Ships, which provides seaborne transportation services worldwide, have an RSI of 44.32.
On November 24th, 2017, Top Ships announced that it has acquired all of the outstanding shares of PCH77 Shipping Company Limited, a Marshall Islands company that owns a new building contract for M/T Eco California, a high specification 50,000 dwt Medium Range product/chemical tanker under construction at Hyundai Mipo Dockyard Co., Ltd. in Korea from an entity affiliated with the Company's Chairman and CEO, Mr. Evangelos Pistiolis. The Company paid $3.6 million for the outstanding shares and the vessel is scheduled for delivery during January 2019. Find your free research report TOPS at:
Hamilton, Bermuda headquartered Golar LNG Ltd's stock declined 0.25%, to close the day at $24.41 with a total trading volume of 532,535 shares. The Company's shares have advanced 22.72% in the last one month, 13.43% over the previous three months, and 6.41% since the start of this year. The stock is trading 10.25% and 1.80% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Golar LNG have an RSI of 66.89.
On October 30th, 2017, research firm ABN Amro upgraded the Company's stock rating from 'Hold' to 'Buy'.
On November 10th, 2017, Golar LNG announced that its Q3 2017 results will be released before the NASDAQ opens on November 30th, 2017. In connection with this, a webcast presentation will be held at 3:00 p.m. London Time that same day. The presentation will be available under the Investor Relations section of the Company's website. Sign up today for the free research report on GLNG at:
Shares in Hamilton, Bermuda-based Teekay Tankers Ltd recorded a trading volume of 1.96 million shares, which was above their three months average volume of 955,190 shares. The stock ended at $1.60, jumping 5.26% from the last trading session. The Company's shares have gained 5.26% over the previous three months. The stock is trading above its 50-day moving average by 1.72%. Furthermore, shares of Teekay Tankers have an RSI of 60.02.
On November 17th, 2017, Teekay Tankers (TNK) announced that its shareholders voted to approve the Company's charter amendment to allow it to affect the previously announced merger with Tanker Investments Ltd. (TIL). Concurrently, TIL also announced that its shareholders voted to approve the Agreement and Plan of Merger with TNK. The merger has also been approved by the Board of Directors of both companies. Wall St. Equities' research coverage also include the downloadable free report on TNK at:
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