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An Empty Rally? Shipping Stocks Make A Low Float Comeback
Wednesday, March 27, 2019 - 1:54pm | 634It was smooth sailing for a while, but extreme volatility has returned to shipping stocks. Big moves in several shipping stocks this week is likely due to their extremely low float. Ironically, the potential trigger for the volatility may have been a shipping stock that is no longer involved in the...
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What's The Deal With Dry Bulk Shipping Stocks And Reverse Splits?
Wednesday, November 8, 2017 - 1:33pm | 579After a rough couple of years for dry bulk shipping stocks, a handful of companies have been forced to issue reverse stock splits to help keep their stocks and their companies afloat. Most of the reverse splits have been followed by heavy selling pressure, but the most recent reverse split by Diana...
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DryShips Announces Offering And Shippers Are Crashing Back To Earth
Thursday, November 17, 2016 - 11:46am | 338The clock appears to have struck midnight on the shipping fairytale that sent DryShips Inc. (NASDAQ: DRYS) soaring more than 1,500 percent in roughly a week. The company announced a registered direct offering to raise roughly $20 million. The company says the cash will be used to pay down some...
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Dry Bulk Shippers: No Strangers To Volatility
Wednesday, November 16, 2016 - 11:13am | 409Dry shipping stocks have been on fire since the election, led by DryShips Inc. (NASDAQ: DRYS). DryShips has experienced one of the most spectacular shot squeezes of all time, gaining more than 2,000 percent in just over a week. The stock was halted in pre-market trading on Wednesday. According...