Why These 4 Dry Bulk Shippers Soared Today

Finally, markets had a good day today, with all three major indices up over 1% and the tech-heavy Nasdaq advancing 2.46%. In particular, four dry-bulk shippers were up big on the day.


Percent Change

Navios Maritime Partners (NYSE: NMM  ) 8.97%
Diana Shipping (NYSE: DSX  ) 8.33%
DryShips (Nasdaq: DRYS  ) 5.14%
Navios Maritime Holdings (NYSE: NM  ) 5.00%

The main reason for these dry bulk shippers’ advance was positive news out of China, in which Premier Wen Jiabao suggested that the government will focus more on a more pro-growth agenda. Check out the following video for more on these dry bulkers’ big day today.

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Brendan Byrnes owns no shares of any company mentioned above. The Motley Fool has a disclosure policy. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.

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NASD 5,257.40 15.57 0.30%

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10/21/2016 3:59 PM
DRYS $0.36 Down -0.03 -7.23%
DryShips CAPS Rating: **
DSX $2.51 Down -0.02 -0.79%
Diana Shipping CAPS Rating: ****
NM $1.18 Down +0.00 +0.00%
Navios Maritime Ho… CAPS Rating: ***
NMM $1.38 Down -0.04 -2.82%
Navios Maritime Pa… CAPS Rating: ***