Earnings Preview: Golden Ocean to Report Financial Results Pre-market on November 27
$Golden Ocean(GOGL.US)$ is scheduled to release its financial results pre-market on November 27 ET. Earnings PreviewAnalysts estimate $Golden Ocean(GOGL.US)$ to post revenue of USD190.39M for 2024Q3,
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Why did the European shipping route rise strongly?
Recently, the European futures prices have shown strong upward momentum. Market analysis suggests that the price support and implementation status of major airlines need to be closely monitored. Please see the details below.
European freight rates soar and plummet! A comprehensive analysis of the logic behind the fluctuations and two key points of focus.
This week, the freight index (Europe route) experienced large fluctuations, with the European freight index 2412 contract dropping by 25.21% on October 8, approaching the limit down; rising by 13.76% on October 10; hitting the limit up on October 11, with an increase of 13.84%, closing at 2494.3 points.
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Private Companies Who Have a Significant Stake Must Be Disappointed Along With Institutions After Golden Ocean Group Limited's (NASDAQ:GOGL) Market Cap Dropped by US$116m
What is the reason for the sharp drop in the freight index? Logic sorting and analysis of the decline in European freight rates.
Since the opening after the National Day holiday, the freight index (European line) futures have plummeted, with the 2412 contract dropping more than 20% from the pre-holiday high of 2540.4 points, closing at 1893 points this morning.
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Do Its Financials Have Any Role To Play In Driving Golden Ocean Group Limited's (NASDAQ:GOGL) Stock Up Recently?