Volume Spike Investor

DryShips Inc. (NASDAQ: DRYS) priced and increased the size of its prior announced offering from $300 million to $400 million in convertible notes issued at PAR with an interest rate of 5% and with an initial conversion price for the convertible notes of $7.19 per share.  In short, overhang and dilution.  That could unload another [...]

DryShips, Inc. (NASDAQ: DRYS) is holding up better than it was last night.  The shipper continued its capital raising path announcing that it is selling $300 million in notes but is also entering a share loan agreement for $150 million with Deutsche Bank (the underwriter).  Shares were down as much as 7% last night.  At [...]

DryShips Inc. (NASDAQ: DRYS) is challenging the $7.00-mark again this morning.  Some of this move is being tied to part of the Baltic Dry index, but shares were actually very active yesterday as well with a gain of more than $0.50 to $6.77 on 31 million shares.  At 9:07 AM EST we have seen 755,000 [...]

DryShips, Inc. (NASDAQ: DRYS) is trading up on its earnings this morning. We originally saw shares trading lower this morning.  Last night’s earnings could have possibly been taken either way, so we’ll see if this one whips around this morning.   As of 9:17 AM EST we have seen some 364,001 shares go off in teh [...]

DryShips, Inc. (NASDAQ: DRYS) is running again this morning along with the strength in the broader markets.  The stock is up almost 3.5% at $7.47 on over 200,000 shares as of 8:22 AM EST.  Be advised that this one traded up as much as 7% from the 7.22% close yesterday in the after-hours session.  This [...]

DryShips, Inc. (NASDAQ: DRYS) is seeing a surge in pre-market trading, although it may seem muted in comparison to the good old days when this would open up or down by more than 10% on what felt as though was almost every day.  This higher yesterday at $6.73 on the Baltic Dry index but then [...]

DryShips Inc. (NASDAQ: DRYS) is trading strongly again and is becoming a bull market proxy after weeks of not hearing much.  This is up ‘only’ 3.7% at $7.76 on over 250,000 shares as of 8:24 AM EST.  Average volume here is about 21 million shares but it has traded more than that in each of [...]

DryShips Inc.  (Nasdaq: DRYS) shares are up more than 5 percent to $5.19, on nearly 300,000 shares traded in the premarket after Credit Suisse boosted its rating on the stock from Outperform from Underperform and raises its target price to $8 from $5. The research firm believes the value of its rig assets are being ignored [...]

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 [...]

OceanFreight Inc. (NASDAQ: OCNF) has all the earmarks of DryShips, Inc. (NASDAQ: DRYS), save its size.  It has almost the same degree of volatility in its 52-week range, is actively traded, is still a small cap stock (Micro-cap in this case), is in the same sectors of shipping, and its headquarters is in Greece with [...]