Eagle Bulk Shipping Inc. (NASDAQ:EGLE) Sees Significantly Higher Trading Volume


Eagle Bulk Shipping Inc. shares had a trading volume of 201K on Thursday. Trading volume was up 90.67% over the stocks average daily volume.

Here are some other firms who have updated their holdings. As of the end of the quarter Scepter Holdings, Inc. had acquired a total of 200,309 shares growing its stake by 25.1%. The value of the investment in EGLE increased from $231,000 to $324,000 a change of $93,000 quarter over quarter. As of quarter end Raynor Geoffrey had bought 561,612 shares growing its holdings by 1,090.7%. The value of the total investment in Eagle Bulk Shipping Inc. went from $15,000 to $141,000 increasing 840.0% quarter to quarter.

As of the end of the quarter Goldman Sachs Group Inc had bought a total of 37,651 shares growing its position 95.2%. The value of the investment in (EGLE) went from $14,000 to $34,000 a change of 142.9% since the last quarter. Bank Of America Corp /de/ divested its holdings by selling 235,116 shares a decrease of 97.2%. Bank Of America Corp /de/ claims 6,744 shares worth $3,000. The value of the position overall is down by 96.6%.

Equity analyst Maxim Group initiated coverage on the stock setting a rating of “Hold”.

The company is trading down by -1.34 percent from yesterday’s close. Shares are trading at $4.43 just below $4.44, the stock’s 50 day moving average and quite a bit below the 200 day moving average of $4.98. The 50 day moving average went down $-0.01 or -0.31% and the 200 day average went down by -10.98%.

Eagle Bulk Shipping Inc., launched on March 23, 2005, is involved in the ocean transportation of dry bulk cargoes around the world through the ownership, chartering and operation of dry-bulk vessels. The Company owns and operates a fleet of approximately 44 oceangoing vessels, including approximately 43 Supramax and a Handymax, with a combined carrying capacity of over 2,404,060 deadweight tons (dwt) and an average age of approximately 8.7 years..