DryShips (DRYS) Trading Higher on Volatility, New Analyst Coverage
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DryShips (Nasdaq: DRYS) shares are higher on the session as volatility on the stock is picking up Tuesday.
Implied volatility on the stock is up 2.5 percent from Monday's close and 136 percent over its annual daily average.
Shares are up 6.3 percent on the session.
Earlier, Global Hunter initiated coverage on the stock with a Buy rating and $6 price target. The firm started coverage on about a dozen shippers in total.
Implied volatility on the stock is up 2.5 percent from Monday's close and 136 percent over its annual daily average.
Shares are up 6.3 percent on the session.
Earlier, Global Hunter initiated coverage on the stock with a Buy rating and $6 price target. The firm started coverage on about a dozen shippers in total.
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