Gerry Yougui Wang Purchases 10,076 Shares of Seaspan Corporation (SSW) Stock
Seaspan Corporation (NYSE:SSW) CEO Gerry Yougui Wang acquired 10,076 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The shares were acquired at an average cost of $6.39 per share, with a total value of $64,385.64. Following the transaction, the chief executive officer now directly owns 2,042,848 shares in the company, valued at approximately $13,053,798.72. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Gerry Yougui Wang also recently made the following trade(s):
- On Friday, August 25th, Gerry Yougui Wang sold 634,762 shares of Seaspan Corporation stock. The stock was sold at an average price of $7.45, for a total value of $4,728,976.90.
Shares of Seaspan Corporation (NYSE SSW) opened at 7.14 on Friday. The company’s market capitalization is $841.36 million. The stock has a 50 day moving average price of $6.83 and a 200 day moving average price of $6.64. Seaspan Corporation has a 1-year low of $5.02 and a 1-year high of $14.29.
Several large investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company acquired a new stake in Seaspan Corporation during the second quarter worth $2,285,000. Cubist Systematic Strategies LLC acquired a new stake in Seaspan Corporation during the second quarter worth $221,000. State Street Corp increased its stake in Seaspan Corporation by 3.1% in the second quarter. State Street Corp now owns 279,189 shares of the shipping company’s stock worth $1,994,000 after buying an additional 8,400 shares during the last quarter. Shelton Capital Management acquired a new stake in Seaspan Corporation during the second quarter worth $179,000. Finally, Punch & Associates Investment Management Inc. acquired a new stake in Seaspan Corporation during the second quarter worth $3,404,000. Institutional investors own 15.33% of the company’s stock.
SSW has been the subject of several research analyst reports. Zacks Investment Research raised Seaspan Corporation from a “hold” rating to a “buy” rating and set a $7.00 price objective for the company in a research report on Thursday, June 29th. ValuEngine cut Seaspan Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Credit Suisse Group set a $5.00 price target on Seaspan Corporation and gave the company a “sell” rating in a report on Tuesday, August 1st. BidaskClub raised Seaspan Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $7.00 price target on shares of Seaspan Corporation in a report on Friday, July 14th. Five analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. The company currently has an average rating of “Hold” and an average price target of $6.81.
Seaspan Corporation Company Profile
Seaspan Corporation is an independent charter owner and manager of containerships. The Company charters pursuant to long-term, fixed-rate time charters with various container liner companies. As of February 20, 2017, it had operated a fleet of 88 containerships and had entered into contracts for the purchase of an additional eight new building containerships.
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