Safe Bulkers (SB) saw its stock price surge by 5.73% during the intraday session on Wednesday, reflecting strong investor confidence in the company.
The upward movement followed Jefferies' decision to maintain its "Buy" rating on Safe Bulkers, signaling continued optimism about the company's performance. Analyst ratings often influence investor sentiment, and the reaffirmation of a positive outlook likely contributed to the stock's sharp rise.
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