DryShips (DRYS) Looks Good: Stock Surges 12.7% - Tale of the Tape


Shutterstock photo

DryShips, Inc. ( DRYS ) was a big mover last session, as the company saw its shares surge nearly 13% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 42.9% in the past one-month time frame.

In the last 30 days, the company witnessed 1 upward estimate revision and the Zacks Consensus Estimate edged up over the same period, suggesting that more solid trading could be ahead for DryShips. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

DryShips currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better ranked shipping stocks include Baltic Trading Limited ( BALT ) and Diana Containerships Inc. ( DCIX ) with a Zacks Rank #1 (Strong Buy) and Genco Shipping and Trading Ltd. ( GNK ) carrying a Zacks Rank #2 (Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>

BALTIC TRAD LTD (BALT): Free Stock Analysis Report

DIANA CONTAINER (DCIX): Free Stock Analysis Report

DRYSHIPS INC (DRYS): Free Stock Analysis Report

GENCO SHPG&TRDG (GNK): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Investing Ideas , Stocks
More Headlines for: BALT , DCIX , DRYS , GNK

More from Zacks.com




Equity Research
Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by BankRate.com