Aegean Marine Petroleum Network Inc. (ANW) Reaches $5.62 After 8.00% Down Move; Macatawa Bank (MCBC) Sellers Increased By 4.9% Their Shorts

June 13, 2017 - By Marguerite Chambers

The stock of Aegean Marine Petroleum Network Inc. (NYSE:ANW) is a huge mover today! About 157,992 shares traded. Aegean Marine Petroleum Network Inc. (NYSE:ANW) has risen 43.45% since June 13, 2016 and is uptrending. It has outperformed by 26.75% the S&P500.The move comes after 9 months negative chart setup for the $221.89M company. It was reported on Jun, 13 by Barchart.com. We have $5.17 PT which if reached, will make NYSE:ANW worth $17.75M less.

Macatawa Bank Corporation (NASDAQ:MCBC) had an increase of 4.9% in short interest. MCBC’s SI was 345,000 shares in June as released by FINRA. Its up 4.9% from 328,900 shares previously. With 58,300 avg volume, 6 days are for Macatawa Bank Corporation (NASDAQ:MCBC)’s short sellers to cover MCBC’s short positions. The SI to Macatawa Bank Corporation’s float is 1.34%. About 6,944 shares traded. Macatawa Bank Corporation (NASDAQ:MCBC) has risen 31.76% since June 13, 2016 and is uptrending. It has outperformed by 15.06% the S&P500.

Aegean Marine Petroleum Network Inc

Among 3 analysts covering Aegean Marine Petrol (NYSE:ANW), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Aegean Marine Petrol had 5 analyst reports since July 21, 2015 according to SRatingsIntel. Stifel Nicolaus downgraded it to “Hold” rating and $9 target in Wednesday, May 24 report. The stock of Aegean Marine Petroleum Network Inc. (NYSE:ANW) has “Buy” rating given on Friday, June 2 by Stifel Nicolaus. The stock has “Neutral” rating by Clarkson Capital on Thursday, May 25. Zacks downgraded the shares of ANW in report on Thursday, August 20 to “Hold” rating. The rating was initiated by Sidoti on Tuesday, July 21 with “Buy”.

Macatawa Bank Corporation is a bank holding company. The company has market cap of $324.56 million. The Company, through its subsidiary, Macatawa Bank , offers a range of commercial and personal banking services, including checking, savings and certificates of deposit accounts, cash management, safe deposit boxes, trust services and commercial, mortgage and consumer loans. It has a 19.39 P/E ratio. The Bank is a Michigan chartered bank with depository accounts insured by the Federal Deposit Insurance Corporation.

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