Company Shares of DryShips (NASDAQ:DRYS) Drops by -26.4%

DryShips (NASDAQ:DRYS) : During the past 4 weeks, traders have been relatively bearish on DryShips (NASDAQ:DRYS), hence the stock is down -61.4% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -27.33% relative to the S&P 500. The 4-week change in the price of the stock is -60.78% and the stock has fallen -26.4% in the past 1 week.

The company shares have dropped -96.83% from its 1 Year high price. On Jul 20, 2015, the shares registered one year high at $17.25 and the one year low was seen on Jul 6, 2016. The 50-Day Moving Average price is $1.24 and the 200 Day Moving Average price is recorded at $2.44.

The stock has recorded a 20-day Moving Average of 40.25% and the 50-Day Moving Average is 75.14%.


DryShips (NASDAQ:DRYS): On Fridays trading session , Opening price of the stock was $0.467 with an intraday high of $0.467. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $0.43. However, the stock managed to close at $0.455, a loss of 1.09% for the day. On the previous day, the stock had closed at $0.46. The total traded volume of the day was 861,040 shares.

DryShips Inc. is a holding company. The Company is a provider of ocean transportation services for drybulk and petroleum cargoes through its ownership and operation of drybulk carrier vessels and oil tankers and offshore drilling services through the ownership and operation by its majority-owned subsidiary, Ocean Rig UDW, of deepwater drilling units. It owns a fleet of approximately 39 drybulk carriers, comprising 13 Capesize, 24 Panamax and two Supramax vessels, 10 tankers, comprising four Suezmax and six Aframax vessels and 10 drilling units, comprising two ultra-deepwater semisubmersible offshore drilling rigs, its sixth generation ultra-deepwater drillships and four seventh generation ultra-deepwater drillships. Its drybulk carriers, drilling units and oil tankers operate around the world. The Companys segments include Drybulk, Tanker and Drilling.

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