Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Seaspan Corporation (SSW) Stock Price
Press coverage about Seaspan Corporation (NYSE:SSW) has been trending somewhat positive this week, Accern reports. The research firm identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Seaspan Corporation earned a news sentiment score of 0.06 on Accern’s scale. Accern also assigned news coverage about the shipping company an impact score of 46.3582887160971 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the media stories that may have impacted Accern’s rankings:
- Hold stock analysis: Seaspan Corporation (SSW) – Street Observer (press release) (streetobserver.com)
- Seaspan Corp. breached its 50 day moving average in a Bearish Manner : SSW-US : September 15, 2017 (finance.yahoo.com)
- Seaspan Corporation (SSW) stock triggers Dividend Yield at 7.37% – Voice Of Analysts (analystsbuzz.com)
- Analyzing Scorpio Bulkers (SALT) and Seaspan Corporation (SSW) (americanbankingnews.com)
SSW has been the subject of several recent research reports. ValuEngine cut shares of Seaspan Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research upgraded shares of Seaspan Corporation from a “hold” rating to a “buy” rating and set a $7.00 target price for the company in a research report on Thursday, June 29th. BidaskClub upgraded shares of Seaspan Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Stifel Nicolaus reiterated a “hold” rating and set a $7.00 target price on shares of Seaspan Corporation in a research report on Friday, July 14th. Finally, Credit Suisse Group set a $5.00 target price on shares of Seaspan Corporation and gave the company a “sell” rating in a research report on Tuesday, August 1st. Five equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. Seaspan Corporation has an average rating of “Hold” and an average target price of $6.81.
Shares of Seaspan Corporation (NYSE:SSW) opened at 6.99 on Monday. The firm’s 50 day moving average is $6.91 and its 200 day moving average is $6.57. The company’s market cap is $823.68 million. Seaspan Corporation has a 12 month low of $5.02 and a 12 month high of $14.12.
In other news, CEO Gerry Yougui Wang sold 634,762 shares of Seaspan Corporation stock in a transaction on Friday, August 25th. The shares were sold at an average price of $7.45, for a total transaction of $4,728,976.90. Following the transaction, the chief executive officer now owns 2,042,848 shares in the company, valued at $15,219,217.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
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About Seaspan Corporation
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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