DryShips (DRYS) Shares are Up 19.59%

DryShips (DRYS) has been under a strong bear grip, hence the stock is down -12.81% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 19.08% in the past 1 week. The stock has risen by 19.59% in the past week indicating that the buyers are active at lower levels, but the stock is down -10.64% in the past 4 weeks.

DryShips (NASDAQ:DRYS): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $0.39 and $0.38 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $0.45. The buying momentum continued till the end and the stock did not give up its gains. It closed at $0.41, notching a gain of 7.85% for the day. The total traded volume was 6,932,510 . The stock had closed at $0.38 on the previous day.

The stock has recorded a 20-day Moving Average of 3.62% and the 50-Day Moving Average is 53.58%. DryShips, Inc. has dropped 86.17% during the last 3-month period . Year-to-Date the stock performance stands at -90.43%.


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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