Large Inflow of Money Witnessed in Costamare

Costamare (NYSE:CMRE) stock had a bullish inflow of $0.06 million worth of trades on uptick and an outflow of $0.01 million in downticks on Wednesday. The total uptick to downtick ratio stood at 8.92. The net money flow into the stock was $0.06 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $0.01 million. $0.01 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. However, Costamare (NYSE:CMRE) stock traded down $0.03 , and reached $9.05, a drop of -0.33% over the previous day. On a weekly basis, the stock is -5.14%, over the previous weeks close.


Institutional Investors own 13.74% of Costamare shares.

The company shares have dropped -49.83% from its 1 Year high price. On Jul 22, 2015, the shares registered one year high at $18.93 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $9.41 and the 200 Day Moving Average price is recorded at $8.74. Costamare (NYSE:CMRE): The stock opened at $9.11 on Wednesday but the bulls could not build on the opening and the stock topped out at $9.15 for the day. The stock traded down to $8.87 during the day, due to lack of any buying support eventually closed down at $9.03 with a loss of -0.55% for the day. The stock had closed at $9.08 on the previous day. The total traded volume was 401,305 shares.

Costamare Inc. (Costamare) is an international owner of containerships. The Company provides worldwide marine transportation services by chartering its container vessels to the liner operators under long, medium and short-term time charters. As of February 27, 2015, the Company had a fleet of 68 containerships with a total capacity in excess of 447,000 twenty foot equivalent unit (TEU), including nine new builds on order. The Companys containerships operate primarily under long-term, fixed-rate time charters. The Companys fleet of vessels includes COSCO GUANGZHOU, COSCO NINGBO, COSCO YANTIAN, VANTAGE, MSC MANDRAKI and ZIM NEW YORK, among others. As of February 27, 2015, the average (weighted by TEU capacity) remaining time-charter duration for its fleet of 68 containerships was approximately 4.5 years, based on the remaining fixed terms and assuming the exercise of any owners options and the non-exercise of any charterers options under its containerships charters.

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