Drybulks Surge as Crude Oil on CME Resumes (DRYS) (EXM) (DSX)
Up)
Heading into the close Monday the drybulk shippin sector has been experiencing a strong boost since the resumption of crude oil trading on the CME. A broad measure of the sector shows stocks are about 0.9 percent higher on average.
Trading was oddly halted around 2:15pm due to technical problems, and became open for trading at 3:15pm.
Some of the biggest gainers include Excel Maritime Carriers (NYSE: EXM) up 15.34 percent, DryShips Inc. (Nasdaq: DRYS) up 10.67 percent, FreeSeas Inc. (Nasdaq: FREE) up 18.75 percent, Paragon Shipping (NYSE: PRGN) up 8.48 percent and Diana Shipping (NYSE: DSX) up 6.63 percent.
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Trading was oddly halted around 2:15pm due to technical problems, and became open for trading at 3:15pm.
Some of the biggest gainers include Excel Maritime Carriers (NYSE: EXM) up 15.34 percent, DryShips Inc. (Nasdaq: DRYS) up 10.67 percent, FreeSeas Inc. (Nasdaq: FREE) up 18.75 percent, Paragon Shipping (NYSE: PRGN) up 8.48 percent and Diana Shipping (NYSE: DSX) up 6.63 percent.
Get immediate access to market moving news and alerts with StreetInsider.com Premium - FREE TRIAL!
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