DryShips Reverse Splits Again

This morning, shares of DryShips (DRYS) are having another reverse stock split. This will be their 1-for-5 and it’s DRYS’s seventh reverse in the last 15 months.

The reverse splits add up to 1 to 1.68 million. At Seeking Alpha, a writer notes that the stock would have to rise by nearly 18 billion percent to reach its previous all-time high.

Adjusting for today’s split, the 2007 high is around $30 million.

Posted by on June 22nd, 2017 at 9:18 am


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