News coverage about DryShips (NASDAQ:DRYS) has trended somewhat negative on Tuesday, according to Alpha One. The research firm, a subsidiary of Accern, identifies positive and negative news coverage by analyzing more than twenty million blog and news sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. DryShips earned a media sentiment score of -0.15 on Alpha One’s scale. Alpha One also gave media headlines about the shipping company an impact score of 50 out of 100, indicating that recent news coverage is somewhat likely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have effected Alpha One’s scoring:
- DryShips Inc. Plunges After Yet Another Reverse Split – Motley Fool (fool.com)
- Is This the Lucky No. 7 Reverse Stock Split for DryShips? (247wallst.com)
- DryShips Inc. : Announces Reverse Stock Split (4-traders.com)
- BRIEF-DryShips announces reverse stock split (reuters.com)
- DryShips Inc: The Bottom Is Nearing (seekingalpha.com)
Separately, Vetr raised shares of DryShips from a “strong sell” rating to a “strong-buy” rating and set a $6.03 price objective for the company in a report on Monday, May 15th.
DryShips (NASDAQ:DRYS) traded down 13.45% during midday trading on Tuesday, reaching $1.03. 7,105,786 shares of the company traded hands. The company’s market cap is $10.26 million. DryShips has a 12-month low of $0.98 and a 12-month high of $22,848.03. The company has a 50-day moving average price of $2.41 and a 200-day moving average price of $32.48. DryShips shares are going to reverse split on Thursday, June 22nd. The 1-5 reverse split was announced on Monday, June 19th. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, June 21st.
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DryShips, Inc is a holding company. The Company owns drybulk carriers and offshore support vessels. The Company operates through two segments: the drybulk carrier and the offshore support. Under its drybulk segment, the Company operates as a provider of drybulk commodities transportation services for the steel, electric utility, construction and agri-food industries.
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