Eagle Bulk (EGLE) Strongly Higher Following Credit Amendments
Tweet Send to a Friend
Up)
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.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: Crash in American Electric Power (AEP) & NextEra Energy (NEE) Adds to Jitters
- Cleantech Solutions (CLNT) Goes Red to Green After Yesterday's 159% Rise
- Tesla (TSLA) Pushes Back Into Positive Territory on DOE Loan Repayment
Create E-mail Alert Related Categories
Insiders' Blog, Momentum MoversRelated Entities
Options
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
