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Stock impact report

Why Shares of DryShips Inc. Plunged 17% in December [The Motley Fool]

DRYSHIPS (DRYS) 
US:NASDAQ Investor Relations: dryships.irwebpage.com/ir.html
Company Research Source: The Motley Fool
December topped off a terrible year for DryShips Inc. shareholders. Travis Hoium ( TMFFlushDraw ) Jan 10, 2018 at 11:46AM What happened  Shares of DryShips Inc. ( NASDAQ:DRYS ) continued their decline in December, falling 16.7% for the month. The decline is bad news for investors but was fairly small in comparison to a year in which shares fell 99.9%.  So what The big financing news of the month was a $125 million credit facility backed by four tankers as collateral. The company also sold a Panamax vessel for $8.5 million.  Image source: Getty Images. What investors are still concerned about is DryShips' five stock splits during 2017, which amounts to a 1-for-7,840 stock split . There's no reason to think shares won't continue to be diluted and that's the real reason shares fell during December.  Now what There may not Show less Read more
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