Shares of Great Lakes Dredge & Dock Corp (GLDD, Financial) surged 9.84% in mid-day trading on Oct 2. The stock reached an intraday high of $11.78, before settling at $11.78, up from its previous close of $10.72.
Great Lakes Dredge & Dock (GLDD) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.
Here is how Great Lakes Dredge & Dock (GLDD) and Tutor Perini (TPC) have performed compared to their sector so far this year.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
In the most recent trading session, Great Lakes Dredge & Dock (GLDD) closed at $10.58, indicating a +0.86% shift from the previous trading day.
GLDD secures a $219M contract for the Sabine-Neches Waterway Channel Improvement Project in Port Arthur, TX, set for completion by 2027.
Great Lakes Dredge & Dock (GLDD) closed at $10.45 in the latest trading session, marking a +1.26% move from the prior day.
Great Lakes Dredge & Dock Corporation (GLDD) has strong growth prospects due to a healthy backlog, robust bidding activity, and federal infrastructure funding support. The company's revenue growth is driven by high-margin capital dredging projects, increasing offshore wind market demand, and diversification into adjacent markets. Margins are expected to improve due to cost-saving measures, favorable project mix, and fleet upgrades, enhancing operational efficiency.
Great Lakes Dredge & Dock (GLDD) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.
Here is how Great Lakes Dredge & Dock (GLDD) and Tutor Perini (TPC) have performed compared to their sector so far this year.
Great Lakes Dredge & Dock (GLDD) reachead $9.44 at the closing of the latest trading day, reflecting a +0.53% change compared to its last close.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.