Price/Volume Spike: DryShips (DRYS)

Posted in General 
May 22nd, 2009

DryShips Inc. (NASDAQ: DRYS) traded up after the company said it had completed its “ATM” financing of some $475 million.  It will no longer sell shares in the open market.  Shares closed at $7.04 yesterday, and at 7:56 AM EST we have seen over 553,000 shares trade hands and the stock is up at $7.47 on last look.

JON OGG

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