Star Bulk Carriers Stock Gains 7%

Shares of Star Bulk Carriers Corp. (SBLK) are gaining over 7% on Tuesday morning despite no stock-related statement from the company to drive the shares.

SBLK is currently trading at $20.25, up $1.44 or 7.66%, on the Nasdaq. The stock opened its trading at $19.27 after closing Monday's trading at $18.81. The stock has traded between $17.80 and $33.99 in the past 52-week period.

Star Bulk Carriers, a shipping company, engages in the ocean transportation of dry bulk cargoes worldwide. The company's vessels transport a range of major bulks, including iron ores, coal, and grains, as well as minor bulks, such as bauxite, fertilizers, and steel products.

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