Strength Seen in Costamare (CMRE): Can Its 5.6% Jump Turn into More Strength?
CMRECostamare(CMRE) ZACKS·2024-06-21 20:15

Costamare (CMRE) shares soared 5.6% in the last trading session to close at $16.35. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 5.1% gain over the past four weeks. CMRE shares are being aided by the improvement in market sentiment about the dry bulk sector. Strong capesize demand. Factors like a build-up of iron ore inventories in China have resulted in higher capesize freight rates. Owing to the bullishness surrounding the d ...