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Shipping Stocks: Stormy Weather

Updated from 1:54 p.m. EST

Shipping stocks were dashed against the rocks Monday, suffering double-digit losses across the board as the Dow Jones Industrial Average fell below 7,000.

Eagle Bulk Shipping (EGLE - Get Report) shares closed down 16.2% to $3.15 -- far adrift from its 52-week high of $36.24 -- ahead of its fourth-quarter earnings report.

Elswhere in the sector:

  • DryShips (DRYS - Get Report) shares closed down 13.8% to $2.99 (52-week high: $116.43).
  • Genco Shipping (GNK - Get Report) fell 22.6% to $9.50 (52-week high: $84.51).
  • Excel Maritime (EXM - Get Report) dropped 17.9% to $3.17 (52-week high: $60.99.
  • Diana Shipping (DSX - Get Report) fell 13.5% to $10.15 (52-week high: $41.10).
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    GNK $0.00 0.00%
    EXM $0.00 0.00%
    EGLE $8.54 0.00%
    DRYS $0.69 0.00%
    DSX $6.25 0.00%


    DOW 18,024.06 +183.54 1.03%
    S&P 500 2,108.29 +22.78 1.09%
    NASDAQ 5,005.3910 +63.9670 1.29%

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