NEW YORK, NY / ACCESSWIRE / December 8, 2017 / U.S. markets all closed in the green on Thursday, with the S&P 500 Index breaking a 4-day losing streak. The Dow Jones Industrial Average gained 0.29 percent to close at 24,211.48, while the S&P 500 Index rose 0.29 percent to close at 2,636.98. The Nasdaq Composite Index jumped 0.54 percent to close at 6,812.84. Markets were lifted by a continued rally in technology shares, which were was under pressure earlier in the week due to profit taking. The Nasdaq dropped 1.6 percent from Friday to Tuesday.

Shipping stocks received a boost Thursday after the Baltic Dry Shipping Index touch the highest mark in four years. Since bottoming in 2016 the Index has rallied to 1666, up 305 since mid-November.

RDI Initiates Coverage on:

DryShips Inc.
https://rdinvesting.com/news/?ticker=DRYS

TOP Ships Inc.
https://rdinvesting.com/news/?ticker=TOPS

DryShips stock moved 1.56% higher Thursday, to close the day at $3.91. The stock recorded a trading volume of 1,682,650 shares, which was below its three months average volume of 4,956,304 shares. In the last year, DryShips shares have traded in a range of 0.98 - 48,216.01. The share price has gained 298.98% from its 52-week low. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $4.08 is below its 200-day moving average of $15.40. Shares of DryShips have fallen roughly 10.53 percent in the past month and are down 99.99 percent year-to-date.

Access RDI’s DryShips Inc. Research Report at:
https://rdinvesting.com/news/?ticker=DRYS

On Thursday, shares in TOP Ships Inc. recorded a trading volume of 39,226,549 shares, which was above the three months average volume of 9,982,004 shares. The stock ended the day 15.18% higher at 0.42. The share price has gained 32.81% from its 52-week low with a 52-week trading range of 0.32 - 5,939.99.The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $0.62 is below its 200-day moving average of $7.96. Shares of TOP Ships have fallen roughly 81.68 percent in the past month and are down 100 percent year-to-date.

Access RDI’s TOP Ships Inc. Research Report at:
https://rdinvesting.com/news/?ticker=TOPS

Our Actionable Research on DryShips Inc. (NASDAQ:DRYS) and TOP Ships Inc. (NASDAQ:TOPS) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com