DryShips, Inc. (NASDAQ: DRYS) was slightly up this morning in pre-market trading as its rating was moved from Hold to Buy. At 8:35 AM EST the company was up 3.99% from $4.51 to $4.69 and has traded 41,720 shares. The average volume for the company is 12,073,700 market shares. This comes in the middle of the 52 week trading range of $3.28 â€" $7.99.
DryShips has recently featured a high rate of volatility, implying that the the stock is neither overbought nor oversold for its price.
-Michael B. Sauter
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