Dec. 11 at 4:11 PM
$SBLK Worst weekly performance since the last week of March 2025. Sadly, we may not see
$20 per share again for a long time. Reasons: #1 - whatever caused this week's selloff in shares isn't going away anytime soon, and #2 - the seasonally slowest quarter of the year for dry bulk begins in three weeks. There simply won't be any catalysts to drive up rates or cause SBLK shares to rally back above
$20 again until mid March/early April when dry bulk shipping demand picks back up again. Remember, industry analysts gave
$24-25 per share 12-month price targets for SBLK one year ago, and we never came close to achieving it. This time around, same thing -
$25-25 twelve-month price targets are common, but will we even recover the
$20 level again and establish that as support before this time next year? It's been a long multi-year decline for shareholders.
