Costamare (CMRE) : Traders are bullish on Costamare (CMRE) as it has outperformed the S&P 500 by a wide margin of 23.65% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.93% in the last 1 week, and is up 27.81% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 12.9% and the 50-Day Moving Average is 6.76%. Costamare Inc. is up 0.93% in the last 3-month period. Year-to-Date the stock performance stands at 0.95%.
Costamare (NYSE:CMRE): On Fridays trading session , Opening price of the stock was $10.45 with an intraday high of $10.45. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $9.78. However, the stock managed to close at $9.79, a loss of 6.32% for the day. On the previous day, the stock had closed at $10.45. The total traded volume of the day was 1,042,422 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.