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Rising Tide Lifts Shippers.
- Source :
-
Wall Street Journal - Eastern Edition . 1/3/2009, Vol. 253 Issue 2, pB4. 0p. - Publication Year :
- 2009
-
Abstract
- The article reports that traders are focusing on shipping stocks during the last two trading sessions of 2008 and first trading day of 2009. The shares of Dryships Inc. and Eagle Bulk Shipping Inc. closed on December 23, 2008 at $8.99 and $5.18, respectively, but gained 17% and 7.8%, respectively, by January 2, 2009. Paul Foster, market strategist at Flyonthewall.com said that the posted gains are indicative that the end-of-the-year tax selloff is over and the shipping stocks are expecting a bounce.
- Subjects :
- *MARITIME shipping
*STOCKS (Finance)
*INVESTORS
Subjects
Details
- Language :
- English
- ISSN :
- 00999660
- Volume :
- 253
- Issue :
- 2
- Database :
- Academic Search Index
- Journal :
- Wall Street Journal - Eastern Edition
- Publication Type :
- News
- Accession number :
- 36116978