Eagle Bulk Shipping Inc. s in-depth stock price analysis indicates that the stock price has dropped -23.72% in the past 12 Weeks but analyzing the 6 month chart of the stock, the price of the stock has managed to drop negative and it has dropped down to -40.15% . Looking at the past 52 week period, the stock price is down -41.48% . Relative price strength is a important factor used by wealth management firms while investing in stocks since the indicator compares the stock performance with the overall market. The relative price strength of Eagle Bulk Shipping Inc. has a negative value of -18.75 compared to overall market performance. Eagle Bulk Shipping Inc. (NASDAQ:EGLE) has tumbled 12.14% during the past week and has dropped 4.51% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 12.85%. Eagle Bulk Shipping Inc. (NASDAQ:EGLE) has underperformed the index by 6.22% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Eagle Bulk Shipping Inc. (NASDAQ:EGLE) stock ended Friday session in the red zone in a volatile trading. The stock closed down 0.96 points or 14.86% at $5.5 with 3,317,411 shares getting traded. Post opening the session at $6, the shares hit an intraday low of $4.91 and an intraday high of $6 and the price was in this range throughout the day. The company has a market cap of $387 million and the number of outstanding shares has been calculated to be 70,306,827 shares. The 52-week high of Eagle Bulk Shipping Inc. (NASDAQ:EGLE) is $70 and the 52-week low is $4.0561.
Eagle Bulk Shipping is the largest U.S. based owner of Handymax dry bulk vessels. Handymax dry bulk vessels range in size from 35,000 to 60,000 deadweight tons, or dwt, and transport a broad range of major and minor bulk cargoes, including iron ore, coal, grain, cement and fertilizer, along worldwide shipping routes.