Price Change to Note: Could DryShips Inc. Change Direction After Today’s Big Increase?

Price Change to Note: Could DryShips Inc. Change Direction After Today's Big Increase?

The stock of DryShips Inc. (NASDAQ:DRYS) is a huge mover today! About 18.21 million shares traded hands or 178.02% up from the average. DryShips Inc. (NASDAQ:DRYS) has declined 90.54% since April 28, 2016 and is downtrending. It has underperformed by 96.47% the S&P500.
The move comes after 7 months positive chart setup for the $7.77M company. It was reported on Dec, 1 by Barchart.com. We have $5.81 PT which if reached, will make NASDAQ:DRYS worth $233,100 more.

Analysts await DryShips Inc. (NASDAQ:DRYS) to report earnings on March, 14.

According to Zacks Investment Research, “Dryships Inc., based in Greece, is an owner and operator of drybulk carriers that operate worldwide.”

More notable recent DryShips Inc. (NASDAQ:DRYS) news were published by: Marketwatch.com which released: “DryShips Inc. Announces Closing of Registered Direct Offering” on November 21, 2016, also Fool.com with their article: “Here’s Why DryShips Inc. Stock Continues to Explode Higher” published on November 14, 2016, Finance.Yahoo.com published: “DryShips Inc. Announces Agreement With One of Its Lenders” on November 21, 2016. More interesting news about DryShips Inc. (NASDAQ:DRYS) were released by: Marketwatch.com and their article: “DryShips Inc. Announces Registered Direct Offering” published on November 17, 2016 as well as Profitconfidential.com‘s news article titled: “DryShips Inc.: The Wild Up-and-Down Ride of DRYS Stock” with publication date: November 16, 2016.

DRYS Company Profile

DryShips, Inc., incorporated on October 9, 2004, is a holding company. The Firm owns drybulk carriers and offshore support vessels. The Firm operates through two divisions: the drybulk carrier and the offshore support. Under its drybulk segment, the Company operates as a well-known provider of drybulk commodities transportation services for the steel, electric utility, construction and agri-food industries. Under its offshore support segment, the Company operates as a well-known provider of offshore support services to the global offshore energy industry. The Firm owns a fleet of approximately 20 Panamax drybulk carriers, which have a combined deadweight tonnage (dwt) of approximately 1.5 million dwt and an average age of approximately 10 years, and six offshore supply vessels, comprising over two platform supply and four oil spill recovery vessels and have an average age of approximately 3.1 years.

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