Shipping Stocks Under Review -- Eagle Bulk Shipping, DryShips, Ultrapetrol, and Scorpio Bulkers

Jul 11, 2016, 08:10 ET from Chelmsford Park SA

NEW YORK, July 11, 2016 /PRNewswire/ --

On Friday, July 08, 2016, the NASDAQ Composite ended the trading session at 4,956.76, up 1.64%; the Dow Jones Industrial Average advanced 1.40%, to finish at 18,146.74; and the S&P 500 closed at 2,129.90, up 1.53%. The gains were broad based as all the sectors ended the session in positive. has initiated coverage on the following equities: Eagle Bulk Shipping Inc. (NASDAQ: EGLE), DryShips Inc. (NASDAQ: DRYS), Ultrapetrol (NASDAQ: ULTR), and Scorpio Bulkers Inc. (NYSE: SALT). Learn more about these stocks by accessing their free notes at:

On Friday, shares in Eagle Bulk Shipping Inc. which through its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide, ended the day 1.35% lower at $0.37 with a total volume of 182,652 shares traded. The stock is trading below its 50-day moving average by 32.66%. Furthermore, shares of Eagle Bulk Shipping have a Relative Strength Index (RSI) of 31.06. The Company was founded in 2005 and is headquartered in Stamford, Connecticut. Sign up and read the free notes on EGLE at:

Athens, Greece-based DryShips Inc. provides seaborne dry cargo and offshore support services. The company operates through Drybulk and Offshore Support segments. The stock finished Friday's session 1.09% lower at $0.46 with a total volume of 861,040 shares traded. The stock is trading below its 50-day moving average by 75.14%. DryShips' stock has an RSI of 19.04. The complimentary notes on DRYS can be accessed at:

Ultrapetrol (Bahamas) Ltd, an industrial shipping company, provides marine transportation services in South America, Europe, Central America, North America, and Asia. The company operates in three segments: River Business, Offshore Supply Business, and Ocean Business. The stock lost 1.25% to close the day at $0.32 with a total volume of 33,264 shares traded. The Company's shares have surged 31.67% in the previous three months. The stock is trading 8.98% above its 200-day moving average. Additionally, Ultrapetrol's stock has an RSI of 46.58. Register for free on and access the latest notes on ULTR at:

On Friday, shares in Scorpio Bulkers Inc. which together with its subsidiaries, engages in the marine transportation of dry bulk commodities, ended the session 4.81% higher at $3.05 with a total volume of 311,085 shares traded. The stock is trading 11.52% below its 50-day moving average. Moreover, shares of Scorpio Bulkers have an RSI of 47.47. The Company was founded in 2013 and is based in Monaco. Get free access to your notes on SALT at:


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