Why did DryShips (DRYS) stock rise in 2016?
May 18, 2017 · As we can see from the chart below, DRYS traded at all time high of $42,000,000, a share and low of $3.77. Supposedly DRYS is the most expensive stock in the world. However this is not true. It is ...
Did day traders Pump Up drys stock?
Nov 15, 2016 · Currently (10:20), DRYS is trading at $62.28 per share after a gain of $19.42 per share (45.32%) so far this session. Why Is The Stock Seeing Such Strong Gains The gains on DRYS are coming for a ...
Did shorts cover their positions in drys stock?
DRYS (DRYS) has the following price history information. Looking back at DRYS historical stock prices for the last five trading days, on October 07, 2019, DRYS opened at $5.24, traded as high as $5.25 and as low as $5.24, and closed at $5.25. Trading volume was a total of 184.40K shares. On October 08, 2019, DRYS opened at $5.24, traded as high as $5.25 and as low as $5.24, and …
Will dryship’s share price slip back to $5 per share?
Nov 18, 2016 · Traders said the price surge stems from a collision between hope and greed that created an unlikely bidding war for this thinly traded stock. Dryships is …
What happened with drys stock?
Who bought drys?
How high was dry short squeeze?
Are DryShips still in business?
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DryShips.
| Type | Private |
|---|---|
| Industry | Shipping |
| Founded | 2004 |
| Fate | Acquired by SPII Holdings |
| Headquarters | Athens, Greece |
Where is Dryships based?
DryShips (NASDAQ: DRYS) is dry bulk shipping company based in Athens, Greece. According to their website, DryShips Inc. is an owner of drybulk carriers and offshore support vessels that operate worldwide.
Who is George Economou?
Mr. George Economou is the CEO, President and Chairman of the company as per their website. It looks suspicious to me the manner he raises the money in the market. There is a class action lawsuit over artificially inflated stock price -Top Tankers, Inc ( TOPT).
The Bottom Line
While I would love to say that I can get behind DRYS, that would be like saying I could get behind Enron.
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Is reverse split the truth?
Reverse splits are not the whole truth. The company has issued incredible amounts of new shares, diluting the ownership of the company of the previous owners (which doesn't happen with reverse splits).
What is the $900 billion package?
KEY POINTS Congress reached a deal Sunday on a $900 billion coronavirus relief package, according to Senate Majority Leader Mitch McConnell. Lawmakers will move to vote on the proposal, along with a full-year government spending bill, as soon as Sunday night. Millions of Americans have awaited aid for months as Congress failed to agree on another plan to boost a health-care system and economy buckling under the weight of the pandemic.
An insurmountable wave of dilution washed over this shipping stock last year
Matthew is a senior energy and materials specialist with The Motley Fool. He graduated from Liberty University with a degree in Biblical Studies and a Masters of Business Administration. You can follow him on Twitter for the latest news and analysis of the energy and materials industries: Follow @matthewdilallo
What happened
Last year was an absolute disaster for investors in DryShips Inc. ( NASDAQ:DRYS). While the dry bulk shipping company staved off bankruptcy, that still didn't stop the stock from shedding nearly its entire value last year. Here's a look back at why shares plunged so deeply in 2017.
So what
DryShips entered 2017 with a sense of optimism after securing a comprehensive strategic repositioning transaction with its founder at the end of 2016.
Now what
DryShips made one thing clear last year: It cared more about growing its fleet than creating value for investors. Thus, investors should steer clear of this stock even if it has since ended its dilutive ways.
