How has Top Ships' stock been impacted by Coronavirus (COVID-19)? Top Ships' stock was trading at $5.1225 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, TOPS shares have decreased by 79.3% and is now trading at $1.06.
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What has happened to top ships stock?
Oct 23, 2018 · TOPS has been headed up for a couple of sessions now, topping off the gains with a 55.12% run in the market yesterday. The gains are not stock specific either. It seems like most shipping companies...
What is the all-time high and low for top ships stock?
This is due to reverse stock splits. From 2008 to 2020, TOPS had 11 reverse splits. If you had 189,000,000,000 shares in 2008, you would have 1 share in 2020 due to all these reverse splits. This looks rather shady. Reverse stock splits are a red …
Is top ships'stock over or undervalued?
Apr 03, 2022 · Top Ships' stock was trading at $5.1225 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, TOPS shares have decreased by 79.3% and is now trading at $1.06. View which stocks have been most impacted by COVID-19. Are investors shorting Top Ships?
When did top ships'1-25 reverse split happen?
Apr 01, 2022 · bloomberg.com - September 11 at 8:07 AM. Top Ships Reports $1.7 Million Profit for the Six Months Ended June 30, 2021. finance.yahoo.com - September 9 at 9:47 AM. Experiencing the thrill of the world's largest square-rig sailing ship.
Is Top Ships a buy right now?
1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Top Ships in the last twelve months. There are currently 1 hold r...
How has Top Ships' stock been impacted by Coronavirus?
Top Ships' stock was trading at $5.1225 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WH...
Are investors shorting Top Ships?
Top Ships saw a decline in short interest in the month of February. As of February 28th, there was short interest totaling 361,900 shares, a declin...
When is Top Ships' next earnings date?
Top Ships is scheduled to release its next quarterly earnings announcement on Friday, April 22nd 2022. View our earnings forecast for Top Ships .
When did Top Ships' stock split? How did Top Ships' stock split work?
Top Ships shares reverse split on the morning of Monday, August 10th 2020. The 1-25 reverse split was announced on Friday, August 7th 2020. The num...
Who are Top Ships' key executives?
Top Ships' management team includes the following people: Evangelos J. Pistiolis , President, Chief Executive Officer & Director Vangelis G. Ikon...
Who are some of Top Ships' key competitors?
Some companies that are related to Top Ships include Tsakos Energy Navigation (TNP) , Castor Maritime (CTRM) , Ardmore Shipping (ASC) , SEACOR...
What other stocks do shareholders of Top Ships own?
Based on aggregate information from My MarketBeat watchlists, some companies that other Top Ships investors own include Seanergy Maritime (SHIP) ,...
What is Top Ships' stock symbol?
Top Ships trades on the NASDAQ under the ticker symbol "TOPS."
What stocks does MarketBeat like better than Top Ships?
Wall Street analysts have given Top Ships a "N/A" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Top Ships wasn't one of them.
How has Top Ships' stock been impacted by Coronavirus (COVID-19)?
Top Ships' stock was trading at $5.1225 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, TOPS stock has decreased by 75.6% and is now trading at $1.25.#N#View which stocks have been most impacted by COVID-19.
When did Top Ships' stock split? How did Top Ships' stock split work?
Top Ships's stock reverse split before market open on Monday, August 10th 2020. The 1-25 reverse split was announced on Friday, August 7th 2020. The number of shares owned by shareholders was adjusted after the market closes on Friday, August 7th 2020.
Who are some of Top Ships' key competitors?
Some companies that are related to Top Ships include Seanergy Maritime (SHIP), Euroseas (ESEA), Tsakos Energy Navigation (TNP), Ardmore Shipping (ASC), StealthGas (GASS), SEACOR Marine (SMHI), Navios Maritime (NM), Navios Maritime Acquisition (NNA), Globus Maritime (GLBS), Pyxis Tankers (PXS), Performance Shipping (PSHG), Grupo TMM, S.A.B.
What other stocks do shareholders of Top Ships own?
Based on aggregate information from My MarketBeat watchlists, some companies that other Top Ships investors own include Seanergy Maritime (SHIP), DryShips (DRYS), Globus Maritime (GLBS), Sorrento Therapeutics (SRNE), Heat Biologics (HTBX), Matinas BioPharma (MTNB), Dynavax Technologies (DVAX), Genius Brands International (GNUS), Chesapeake Energy (CHKAQ) and (OAS)..
Who are Top Ships' major shareholders?
Top Ships' stock is owned by a variety of institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (0.18%) and Squarepoint Ops LLC (0.04%).#N#View institutional ownership trends for Top Ships.
Which institutional investors are selling Top Ships stock?
TOPS stock was sold by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP.#N#View insider buying and selling activity for Top Ships or view top insider-selling stocks.
Investing advice from the book 'The Intelligent Investor is useless. Graham agreed before he died
Investing advice from the book 'The Intelligent Investor is useless. Graham agreed before he died.
Getting ahead in Hearing aid investing before law is enacted. Good idea?
Biden recently issued an executive order to speed up the roll out of OTC hearing aids. And hope to start implementing otc between March-July 2022.
Why would a company operating at a loss issue a special dividend?
So I'm looking at this report on Ecovyst which will pay a special dividend of $3.2 later this month.
Time to take AAPL gains and GTFO?
Everything Apple has been doing lately has me thinking it's likely to fall soon due to their upcoming security changes. I'm have a relatively small position 10 shares at 127.96. So I won't be making a huge profit but I do think Apple might be a buy in the future when its cheap again.
Series E-1 Convertible Preferred Shares
DryShips intends to sell Kalani 20,000 of these shares, for which DryShips admits "there is no established public trading market" and which the company says "will not be listed on any national securities exchange." In exchange, the company will receive "approximately $20 million."
Series E-1 Preferred Warrants
It gets worse. In tandem with its purchase of the convertible preferred stock, Kalani will acquire the right to buy an additional 30,000 Series E-1 preferred shares at the same price it paid for the initial tranche -- $1,000 apiece -- then convert them to common stock as described above, adding to the dilution.
Series E-2 Convertible Preferred Shares
Likewise, Kalani gets warrants to buy 50,000 Series E-2 preferred shares at $1,000 each. Like the Series E-1s, these are also convertible into common stock, but according to a slightly different formula.
Common warrants
Finally, Kalani can exercise warrants to buy 372,874 common shares, paying "no consideration" for the privilege.
Complexity for its own sake
If you do, too, there's probably a reason for that. When a company's management "explains" a stock issuance plan in a manner as convoluted as the one DryShips has just settled upon, historically, they may have been counting on people getting confused. But here's the upshot:
What it means to investors
So what's the upshot? I could be wrong, but it looks to me like we're seeing a wholesale transfer of DryShips' equity to Kalani -- a company so mysterious that even S&P Global Market Intelligence has almost no data on it other than the fact of its existence.
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