Shares of Costamare (CMRE Quick QuoteCMRE ) hit a 52-week high of $15.13 during the course of the trading session on Sep 2, before retracing a bit to close the session at $14.98. In fact, this Monaco-based player, currently sporting a Zacks Rank #1 (Strong Buy), has performed very well year to date. The stock has rallied 80.9%, outperforming its industry’s growth of 62.6%.
Image Source: Zacks Investment Research
You can see the complete list of today’s Zacks #1 Rank stocks here.
Let’s delve deeper to unearth the reasons for this impressive price upsurge.