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


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.


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


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

Wall St. Equities:

Wall St. Equities (WSE) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. WSE has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. 

WSE has not been compensated; directly or indirectly; for producing or publishing this document. 


The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third-party research service company (the “Reviewer”) represented by a credentialed financial analyst [for further information on analyst credentials, please email info@wallstequities.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by WSE. WSE is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.  


WSE, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. WSE, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, WSE, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. 


This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither WSE nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit  https://wallstequities.com/legal-disclaimer/


For any questions, inquiries, or comments reach out to us directly. If you're a company, we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@wallstequities.com
Phone number: +21-32-044-483
Office Address: 1 Scotts Road #24-10, Shaw Center Singapore 228

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

Cision View original content:http://www.prnewswire.com/news-releases/quotidian-technical-highlights-on-selected-shipping-stocks—-star-bulk-carriers-teekay-offshore-partners-seaspan-and-top-ships-300593972.html

SOURCE Wall St. Equities