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DRYSHIPS INC. (DRYS)

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DryShips Inc. : Wall Street Fundamentals Releases New In-Depth Stock Reports on DRYS, DSX, EGLE and GNK

07/11/2013 | 09:00am US/Eastern
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After posting its lowest average in 26 years in 2012 the Baltic Dry Index (BDI), a measure of costs to ship dry-bulk commodities such as grain, coal and iron ore, has soared approximately 65 percent in 2013. Although still down roughly 90 percent since its peak of 11,793 in May 2008, the rebound in shipping rates have helped buoy shipping stocks in 2013. The Guggenheim Shipping ETF (NYSEARCA: SEA) has gained over 10 percent year-to-date.

DryShips Inc. (NASDAQ: DRYS) shares traded in the range of $1.81 to $1.86 Wednesday before settling to close at $1.85, an increase of 0.54 percent. The stock appears to be facing resistance at the $1.89 and $1.92 levels with some support at $1.82. Shares of DryShips have gained approximately 15.6 percent in 2013.

More information on DryShips and access to the free equity report can be found at:
www.WallStreetFundamentals.com/DRYS

Diana Shipping Inc. (NYSE: DSX) shares traded in the range of $9.70 to $9.85 Wednesday before settling to close at $9.84, an increase of 0.92 percent. The stock appears to be facing resistance at the $10.06 and $10.22 levels with some support at $9.80. Shares of Diana Shipping have gained approximately 35.0 percent in 2013.

More information on Diana Shipping and access to the free equity report can be found at:
www.WallStreetFundamentals.com/DSX

Eagle Bulk Shipping Inc. (NASDAQ: EGLE) shares traded in the range of $3.12 to $3.38 Wednesday before settling to close at $3.37, an increase of 8.01 percent. The stock appears to be facing resistance at the $3.72 and $4.11 levels with some support at $3.28. Shares of Eagle Bulk Shipping have gained approximately 125 percent in 2013.

More information on Eagle Bulk Shipping and access to the free equity report can be found at:
www.WallStreetFundamentals.com/EGLE

Genco Shipping & Trading Limited (NYSE: GNK) shares traded in the range of $1.68 to $1.73 Wednesday before settling to close at $1.72, an increase of 1.18 percent. The stock appears to be facing resistance at the $2.12 and $2.48 levels with some support at $1.68. Shares of Genco Shipping & Trading have fallen approximately 50.0 percent in 2013.

More information on Genco Shipping & Trading and access to the free equity report can be found at:
www.WallStreetFundamentals.com/GNK

Wall Street Fundamentals offers our members a full range of investor services including in-depth equity reports on your favorite companies and timely market updates featuring the hottest stocks trending in the marketplace.

Activate your always free membership by signing up at www.WallStreetFundamentals.com today.

Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.

Contact:
Wall Street Fundamentals
Website: www.WallStreetFundamentals.com
Email: editor@wallstreetfundamentals.com


© Accesswire 2013
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