top 10 gainers: FRO +24% . KNDI +23% . IGLD +20% . HOTR +17% . LIVE +16% . DQ +15% . BIOL +14% . HAST +14% . GNK +13% . CLFD +13% . Midday top 10 Losers: FOLD -25% . ORMP -15% . SGOC -12% . EDAP -11% . AXU -10% . BLIN -9
dry bulk stock with problems , Wells Fargo says, seeing "substantial" long-term Chapter 11 or refinancing risk at Genco ( GNK -2.8% ), DryShips ( DRYS -2.4% ) and Eagle Bulk Shipping ( EGLE -3.3% ). The firm thinks it's too early for a
like Eagle Bulk Shipping ( EGLE ) and Genco Shipping & Trading ( GNK ) saw a good chunk of their recent gains evaporate. EGLE closed at $4.74 per share, down 11.57% for the day, whereas GNK closed at $1.77 per share, down 15.71%. But as day traders
reporting presentation , slide 17 states that vessel value (net) is sitting at $1.697 billion. Mr. Lambros Papaeconomou cites a figure of $882 million from December 31, 2012. Given it costs Genco ( GNK ) $545 million to Complete Story »
Midday top 10 gainers: EGLE +46% . NBG +24% . SBSA +23% . DQ +22% . GNK +19% . AEGR +19% . GLBS +17% . SINO +17% . PRGN +16% . LWAY +16% . Midday top 10 losers: NCT -54% . SNFCA -22
18% . PRTS +18% . REED +16% . PODD +14% . LAS +12% . MKTG +12% . Midday top 10 losers: DCO -27% . RKUS -25% . GNK -24% . CUTR -23% . ARUN -22% . SNTA -15% . AMRI -12% . PIKE -12% . TA -12% . PTRY -11% . Post your comment!
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By Osman Gulseven : Dryships ( DRYS ) is one of the most well-known players in the dry bulk shipping sector. It is a holding company primarily engaged in sea freight of dry bulk and petroleum cargoes worldwide. It also has a majority stake in Ocean Rig ( ORIG ) , which has six rigs designed for ...
a recovery. Though Cramer might be on board, other analysts have warned bankruptcy risk is still in play as oversupply issues get worked out in the industry. On watch: EGLE , DRYS , EXM , GNK , SB , ESEA , PRGN , NEWL , FREE . 2 comments!
Wells Fargo. The investment firm is quick to point out that multiple companies in the sector are likely to see bankruptcy or restructuring. Proceed with caution: EGLE , GNK , DRYS , DSX , PRGN , NEWL , FREE , NM , SBLK , ESEA . 1 comment!