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Star Bulk Carriers Director Pappas Buys 74,400 Shares for $2.1 Million. Is This a Sign the Shipping Bull Market Will Continue?

The Motley Fool·
Star Bulk Carriers Director Pappas Buys 74,400 Shares for $2.1 Million. Is This a Sign the Shipping Bull Market Will Continue?

Star Bulk Carriers director Milena Maria Pappas purchased 74,400 shares for $2.1 million at $28.27 per share, bringing her total indirect holdings to 3.2 million shares worth ~$99 million. The purchase signals insider confidence in the shipping company's continued growth, driven by geopolitical disruptions that have boosted shipping rates and positioned Star Bulk as a beneficiary of the bullish dry bulk shipping market.

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