Hottest Dry Bulk Shipping Stock: DryShips
What's the most popular dry-bulk shipping stock riding the equities-markets waves? The answer is about as surprising as "Yankees" in a poll that asks for a favorite baseball club.
It's
DryShips
(DRYS) - Get Report
, of course! The company garnered some 46% of the final tally, or about 3400 votes.
Diana Shipping
(DSX) - Get Report
, the conservative ying to DryShip's wild-streak yang, took second place with 24.8% of your clicks.
Like all dry-bulk stocks this past week, DryShips and Diana experienced a choppy week of trading as the Baltic Dry Index -- the world gauge for shipping rates -- was under some pressure from falling steel prices. DryShips stock ended the week pretty much where it began, at $5.87. Diana fared worse, closing the week down 6.5% at $12.69.
Rounding out our inaugural dry-bulk shipping poll was
Excel Maritime
(EXM)
with 13.7% of the votes,
Genco
(GNK) - Get Report
with 8.4% and the ever-popular Other, with 7.3%.
-- Written by Scott Eden from New York
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Scott Eden has covered business -- both large and small -- for more than a decade. Prior to joining TheStreet.com, he worked as a features reporter for Dealmaker and Trader Monthly magazines. Before that, he wrote for the Chicago Reader, that city's weekly paper. Early in his career, he was a staff reporter at the Dow Jones News Service. His reporting has appeared in The Wall Street Journal, Men's Journal, the St. Petersburg (Fla.) Times, and the Believer magazine, among other publications. He's also the author of Touchdown Jesus (Simon & Schuster, 2005), a nonfiction book about Notre Dame football fans and the business and politics of big-time college sports. He has degrees from Notre Dame and Washington University in St. Louis.
