Price Action to Note: Is DryShips Inc.’s Fuel For Real? The Stock Just Increased Again

Price Action to Note: Is DryShips Inc.'s Fuel For Real? The Stock Just Increased Again

The stock of DryShips Inc. (NASDAQ:DRYS) is a huge mover today! About 2.41M shares traded hands or 222.21% up from the average. DryShips Inc. (NASDAQ:DRYS) has risen 21.07% since April 13, 2016 and is uptrending. It has outperformed by 17.15% the S&P500.
The move comes after 7 months positive chart setup for the $182.42M company. It was reported on Nov, 15 by Barchart.com. We have $145.86 PT which if reached, will make NASDAQ:DRYS worth $339.30 million more.

Analysts await DryShips Inc. (NASDAQ:DRYS) to report earnings on December, 5.

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

More important recent DryShips Inc. (NASDAQ:DRYS) news were published by: Profitconfidential.com which released: “DryShips Inc.: What Sent DRYS Stock Soaring 200%?” on November 14, 2016, also Profitconfidential.com published article titled: “DryShips Inc.: There Is Fuel in This DRYS Stock Rocket Ship”, Marketwatch.com published: “DryShips Inc. Announces Registered Direct Offering” on June 08, 2016. More interesting news about DryShips Inc. (NASDAQ:DRYS) was released by: Marketwatch.com and their article: “DryShips Inc. Announces Closing of Registered Direct Offering” with publication date: June 15, 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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