Quotidian Technical Highlights on Selected Shipping Stocks — Star Bulk Carriers, Teekay Offshore Partners, Seaspan, and Top Ships

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NEW YORK, Feb. 06, 2018 /PRNewswire/ —

WallStEquities.com strives to bring the best free research to the investment community.  Today we are offering reports on SBLK, TOO, SSW, and TOPS which can be accessed for free by signing up to www.wallstequities.com/registration. Today's focus is shifted on the global Shipping industry, which is one of constant ebb and flow of peaks and troughs in activity in each sector as industry players attempt to anticipate and then adjust to changing demands. In today's pre-market research, WallStEquities.com concentrates on the recent performance of select stocks in this space to see how they have fared over the past trading sessions: Star Bulk Carriers Corp. (NASDAQ: SBLK), Teekay Offshore Partners L.P. (NYSE: TOO), Seaspan Corp. (NYSE: SSW), and Top Ships Inc. (NASDAQ: TOPS). All you have to do is sign up today for this free limited time offer by clicking the link below.

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Star Bulk Carriers

On Monday, shares in Maroussi, Greece-based Star Bulk Carriers Corp. recorded a trading volume of 979,668 shares, which was above their three months average volume of 501,750 shares. The stock ended at $10.35, declining 1.52% from the last trading session. The Company's shares have gained 13.61% over the past year. The stock is trading above its 200-day moving average by 2.37%. Furthermore, shares of the Company, which engages in the ocean transportation of dry bulk cargoes worldwide, have a Relative Strength Index (RSI) of 34.10. Get the full research report on SBLK for free by clicking below at: www.wallstequities.com/registration/?symbol=SBLK

Teekay Offshore Partners

Hamilton, Bermuda headquartered Teekay Offshore Partners L.P.'s stock finished yesterday's session 0.84% higher at $2.40. A total volume of 1.68 million shares was traded, which was above their three months average volume of 1.24 million shares. The Company's shares are trading below their 50-day moving average by 3.55%. Furthermore, shares of the Company, which provides marine transportation, oil production, storage, long-distance towing, offshore installation and maintenance, and safety services to the energy and oil service companies in the North Sea, Brazil, and the East Coast of Canada, have an RSI of 36.00. The free technical report on TOO can be accessed at: www.wallstequities.com/registration/?symbol=TOO

Seaspan

At the close of trading on Monday, shares in Central, Hong Kong-based Seaspan Corp. saw a decline of 2.83%, ending the day at $6.86. The stock recorded a trading volume of 1.92 million shares, which was above its three months average volume of 1.36 million shares. The Company's shares have advanced 8.03% in the previous three months. The stock is trading 3.22% and 3.84% above its 50-day and 200-day moving averages, respectively. Moreover, shares of Seaspan, which operates as an independent charter owner and manager of containerships in Hong Kong, have an RSI of 46.68. 

On January 17th, 2018, Seaspan announced that Fairfax Financial Holdings Limited, through certain subsidiaries, has entered into definitive agreements for the previously announced US$250 million investment in Seaspan's 5.5% interest bearing unsecured debentures and Class A Common Share purchase warrants. The transaction is expected to close before March 01st, 2018.

On January 24th, 2018, research firm Seaport Global Securities upgraded the Company's stock rating from ‘Neutral' to ‘Buy', with a target price of $10 per share. Sign up for free on Wall St. Equities and claim the latest report on SSW at: www.wallstequities.com/registration/?symbol=SSW

Top Ships

Maroussi, Greece-based Top Ships Inc.'s shares ended the day 22.62% higher at $0.25. A total volume of 69.76 million shares was traded, which was above their three months average volume of 15.14 million shares. The stock is trading 17.36% below its 50-day moving average. Additionally, shares of Top Ships, which provides seaborne transportation services worldwide, have an RSI of 51.23. See the free research coverage on TOPS at: www.wallstequities.com/registration/?symbol=TOPS

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