Large Outflow of Money Witnessed in DryShips Inc.

DryShips Inc. (DRYS) managed to stay afloat and traded higher with an addition of 0.02 point or 0.4% at $5.07. The money flow data is a negative $(-2.1) million with $74.66 million in upticks and $76.77 million in downticks. The intraday up/down ratio came in at 0.97. The shares has seen 154.77% change for the week in its share price.From the data available, it was found that a block transaction occurred during the course of trading. For it, the aggregated worth of the upticks was $5.3 million and the combined worth of the downticks was $5.79, Million, leading to the up/down ratio of 0.92. The block trade saw a net money flow of $(-0.49) million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Shares of DryShips Inc. appreciated by 15.5% during the last five trading days but lost 84.35% on a 4-week basis. DryShips Inc. has dropped 87.58% during the last 3-month period . Year-to-Date the stock performance stands at -84.35%. DryShips Inc. (NASDAQ:DRYS) witnessed a decline in the market cap on Wednesday as its shares dropped 8.51% or 0.43 points. After the session commenced at $6.04, the stock reached the higher end at $6.38 while it hit a low of $4.42. With the volume soaring to 105,494,926 shares, the last trade was called at $4.62. The company has a 52-week high of $2227.1888. The company has a market cap of $62 million and there are 13,491,816 shares in outstanding. The 52-week low of the share price is $1.97.

Dryships Inc., based in Greece, is an owner and operator of drybulk carriers that operate worldwide.


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