Castor Maritime Tripled in January: Still A Good Buy?

Over the course of the past month or so, the Castor Maritime Inc (NASDAQ: CTRM) stock has come into focus among investors in a big way and that is apparent in the sort of gains it has recorded. CTRM has recorded gains of almost 200% in the month of January and the rally continued last week as well. The stock soared by as big as 50% over the past week alone.

first nordic shipping ico announced

One of the major reasons behind the continued rally in the stock is related to the recent action on certain stocks from social media users. Investors on platforms like Twitter, Facebook, and Reddit have started a campaign that encourages investors to buy Castor Maritime call options.

In such a situation, traders with a short position in the stock have had to close their positions and that has resulted in a spike in the Castor Maritime stock. It could be a good idea for investors to keep an eye on the stock this week.

roadmap to the green zone

Emile Ortega

Editor and Computer Expert A hardcore tech enthusiast and computer expert Uson Abdilazhanov who holds a degree in communications started writing in his personal blogs since 2012. That time he was interested in the technical part of the computer. But now the software aspect plays an important role in his career. Currently, he runs a PC building and repairing shop which helps a lot of designers and gamers who always like to try new things.

Emile Ortega has 529 posts and counting. See all posts by Emile Ortega