Eagle Bulk (EGLE) Strongly Higher Following Credit Amendments

June 21, 2012 9:19 AM EDT
Eagle Bulk Shipping (Nasdaq: EGLE) shares are indicated for a much higher open Thursday following news it entered into an amendment with a syndicate of lenders over more favorable credit terms and requirements.

The stock looks to be above 20 percent higher in early trading, as shares look to get back to the $9 to $10 level they were at in February and March.

Implied volatility was lower heading into the amended terms.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

Insiders' Blog, Momentum Movers

Related Entities


Add Your Comment