Dryships Stock DRYS nasdaq Set To Soar On New Shipping Contracts For 2 New Tankers
George Economou followed through by arranging the acquisition of two tankers by DryShips.
http://www.dryships.com
Dryships, DRYS Stock is taking on new contracts at a unexpected rate based upon the acquisition of two new tankers sources close to the company say. In January prices of DRYS Stock were up 2000% before trading was halted. Dryships was asked to provide information before the stock was allowed to continue trading and as then, speculators in the retail market began investing heavily in the company.
The stock has been paired down testing 52 week lows amid the recent split in the companies stock but, now that DRYS is taking on new contracts for shipping at a rate investors should be happy to hear, who knows what will happen. Shareholders may be happy to see the stock pullout a comeback but for those who have abandoned all hope, they maybe left scratching there heads whining that it should have happened sooner.
Recently the stock has been plummeted by the split but, Dryships thinks that weary investors should be happy to hear that there are planned comebacks in the works that will ultimately make some investors who sold out think twice about giving up on the shipping giant.
Rewarding shareholders is the primary objective and Dryships believes that leaving them hung out to dry, no pun intended, is not what they have in mind.
Over the coming months DRYS stock should return investments to its weary investors as more contractual shipping announcements by the giant are announced. Prices are all over the board on shipping and with their most recent acquisition, DRYS stock may be able pull off the price target estimated at $4,200.00 as posted on Yahoo Finance, (https://finance.yahoo.com/quote/DRYS?p=DRYS) as dreamer shareholders holdout that they will become the next millionaires because of President Trump and his soon to be announced infrastructure spending package, DRYS may benefit additional contracts that would put the shipping giants contracts at full capacity.
http://www.cmegroup.com/trading/energy/freight-futures-and-options.html
http://thebalticbriefing.com/2017/01/24/an-oily-boost-for-dry-freight-rates/
LONG DRYS