Eagle Bulk Shipping (EGLE) Shares are Up 22.51%

Eagle Bulk Shipping (EGLE) has been under a strong bear grip, hence the stock is down -15.68% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 21.76% in the past 1 week. The stock has risen by 22.51% in the past week indicating that the buyers are active at lower levels, but the stock is down -9.99% in the past 4 weeks.

Eagle Bulk Shipping (NASDAQ:EGLE): The stock opened at $0.55 on Friday but the bulls could not build on the opening and the stock topped out at $0.58 for the day. The stock traded down to $0.43 during the day, due to lack of any buying support eventually closed down at $0.43 with a loss of -17.40% for the day. The stock had closed at $0.52 on the previous day. The total traded volume was 2,108,097 shares.


The stock has recorded a 20-day Moving Average of 5.26% and the 50-Day Moving Average is 11.3%. Eagle Bulk Shipping Inc. has dropped 23.21% during the last 3-month period . Year-to-Date the stock performance stands at -87.78%.

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