Costamare Inc. $0.0001 par value (CMRE) Soars 6.9%

Costamare Inc. $0.0001 par value (CMRE) Soars 6.9%

Costamare Inc. $0.0001 par value (CMRE) had a good day on the market for Monday October 28 as shares jumped 6.9% to close at $7.90. About 1.38 million shares traded hands on 6,959 trades for the day, compared with an average daily volume of n/a shares out of a total float of 118.18 million. After opening the trading day at $7.49, shares of Costamare Inc. $0.0001 par value stayed within a range of $7.91 to $7.49.

With today’s gains, Costamare Inc. $0.0001 par value now has a market cap of $904.56 million. Shares of Costamare Inc. $0.0001 par value have been trading within a range of $7.74 and $4.20 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.

Costamare Inc is an owner of containerships in Monaco. It provides marine transportation services by chartering its container vessels to liner operators under long, medium and short-term time charters. The company’s fleet of vessels includes COSCO GUANGZHOU, COSCO NINGBO, COSCO YANTIAN, VANTAGE, VALOR, VALIANT and MAERSK KOBE, and among others. Costamare provides services to ocean carriers that demand a high standard of safety and reliability. It generates its revenues from time charters.

Costamare Inc. $0.0001 par value is based out of Monaco, and has some 1,819 employees. Its CEO is Konstantinos Konstantakopoulos.

Costamare Inc. $0.0001 par value is also a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

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