SBLK Pre-Earnings History Points to a Sharp Rally

10 November 2022, 12:50 PM

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By Dmitry Pargamanik

SBLK Shares Could Increase Ahead of Earnings

  • 9 out of the last 12 times, SBLK stock had a run up before earnings
  • Pre-Earnings Run Up Averaged 1.6% Gains
SBLK is scheduled to report earnings on 16-Nov-2022. The last time Star Bulk Carriers Corp. - Common Shares reported earnings on Aug 04, 2022, the stock increased by 3.3% to close at $23.94. At its current price of $142.76, SBLK post earnings drift is -16.8%.. Typically, traders tended to bid up SBLK shares (heading into earnings) prior to its scheduled release.

SBLK Historical Pre-Earnings Run Up

As you can see from the table below, the data displays the percentage moves SBLK had for the last 12 quarters around earnings. The 3 day run up into earnings is notable as it shows that the stock increased 75% of the time for an average gain of 1.6%. That was actually a better bullish play than holding SBLK through earnings that saw a 0.2% gain.



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