Shipping Stock Performance Review -- Frontline, Kirby, Nordic American Offshore, and Navios Maritime

NEW YORK, July 7, 2017 /PRNewswire/ --

If you want a Stock Review on FRO, KEX, NAO or NM then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today. Today's research on DailyStockTracker.com is centered on the Shipping industry, which is no stranger to economic fluctuations, given its deep links to global demand dynamics, commodity prices, and rules of international trade. Four equities have been selected for review this morning, and they are: Frontline Ltd (NYSE: FRO), Kirby Corp. (NYSE: KEX), Nordic American Offshore Ltd (NYSE: NAO), and Navios Maritime Holdings Inc. (NYSE: NM). These free stocks reports are currently available on DailyStockTracker.com. Simply sign up for your complimentary member access at:

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Frontline 

Hamilton, Bermuda-based Frontline Ltd's stock finished Thursday's session 0.86% lower at $5.77 with a total trading volume of 481,227 shares. Over the last month, the Company's shares have advanced 1.76%. The stock is trading below its 50-day moving average by 3.18%. Moreover, shares of Frontline, which engages in the seaborne transportation of crude oil and oil products worldwide, have a Relative Strength Index (RSI) of 53.55. Your complete research report on FRO can be retrieved for free at:

http://dailystocktracker.com/registration/?symbol=FRO


Kirby 

Shares in Houston, Texas headquartered Kirby Corp. declined 1.34%, ending yesterday's session at $66.30. A total volume of 558,896 shares was traded, which was above their three months average volume of 402,260 shares. The stock is trading 0.17% above its 200-day moving average. Moreover, shares of Kirby, which operates domestic tank barges in the US, have an RSI of 47.75.  

On June 15th, 2017, research firm Stifel reiterated its 'Hold' rating on the Company's stock with a decrease of the target price from $71 a share to $69 a share.

On June 19th, 2017, Kirby announced the signing of an agreement to purchase certain inland marine assets from an undisclosed competitor for $68 million. The asset purchase will consist of nine, specialty-pressure tank barges; four, 30,000-barrel tank barges; and three, 1320-horsepower inland towboats. The closing of the asset purchase is expected to occur by July 15th, 2017, and is subject to certain customary conditions. The acquisition is expected to be paid for using funds available under the Company's revolving credit facility. A free report on KEX is just a click away at:


http://dailystocktracker.com/registration/?symbol=KEX


Nordic American Offshore 

On Thursday, Hamilton, Bermuda-based Nordic American Offshore Ltd's (NAO) stock saw a correction of 2.54%, to close the day at $1.15. A total volume of 125,359 shares was traded. The Company's shares have advanced 15.00% in the previous three months. The stock is trading 3.98% above its 50-day moving average. Additionally, shares of Nordic American Offshore, which owns and operates platform supply vessels, have an RSI of 49.99.

On June 30th, 2017, a company owned by NAO's Executive Chairman, Herbjorn Hansson, and his son, Alexander, bought 200,000 shares in NAO at an average price of $1.24 per share. Following the transaction, the Hansson family holds shares equivalent to 10.3% of NAO. Sign up for your complimentary research report on NAO at:

http://dailystocktracker.com/registration/?symbol=NAO


Navios Maritime 

Shares in Monte Carlo, Monaco-based Navios Maritime Holdings Inc. ended the day 1.50% lower at $1.31. A total volume of 401,977 shares was traded. The stock has gained 24.76% in the last one month. The Company's shares are trading below their 50-day moving average by 2.60%. Furthermore, shares of Navios Maritime, which operates as a seaborne shipping and logistics company, have an RSI of 53.02. Register for free on DailyStockTracker.com and download the latest research report on NM at:

http://dailystocktracker.com/registration/?symbol=NM

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