DryShips ( DRYS ) was a big mover last session, as the company saw its shares rise by over 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company, as the stock is now down more than 7% since Aug 18, 2014.
The company has seen no estimate revision in the past 30 days, but its Zacks Consensus Estimate moved lower over the same time frame, suggesting trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.
DryShips currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better performing shipping stocks include Nordic American Tankers Limited ( NAT ), Rand Logistics, Inc. ( RLOG ) and Ship Finance International Limited ( SFL ). All the stocks sport a Zacks Rank #1 (Strong Buy).
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