DryShips, Inc. (NASDAQ:DRYS) [Trend Analysis] plunged reacts as active mover, shares a loss -8.00% to traded at $0.46 and the percentage gap among open changing to regular change was -2.00%. DryShips Inc. (NASDAQ:DRYS) released that it has reached an contract with Sifnos Shareholders Inc. to convert $8.75 million of outstanding principal amount under the before reported Secured Revolving Facility Contract to 3.5 million preferred shares.
Each preferred share will have 100,000 votes. In addition, Sifnos has agreed to provide a 90 day waiver of any defaults under its Revolver. Sifnos is a firm controlled by our Chairman and CEO, Mr. George Economou and the transaction was agreed by the Firm’s independent members of the board. A fairness opinion was obtained in connection with this transaction. On September 9, 2016, the Firm delivered to its new owners the MV Coronado for a gross price of $4.25 million. All of the net proceeds from the sale were used to pay down the relevant loan facility. The firm past twelve months price to sales ratio was 0.01 and price to cash ratio remained 0.53.
Herbalife Ltd. (NYSE:HLF) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with 3.88% to $62.16. Carl Icahn, the billionaire investor who’s takeoverd almost 3 million shares of Herbalife Ltd. in the past few weeks alone, wants to be able to buy even more. Already the largest shareholder in the maker of nutritional products, Icahn stated he’s asked the U.S. Federal Trade Commission for permission to buy as much as 50 percent of the firm. In doing so, he reinforced his opposition to fellow billionaire Bill Ackman, who has called Herbalife’s business model a pyramid scheme. The share price of HLF attracts active investors, as stock price of week volatility recorded 2.69%. The stock is going forward to its 52-week low with 47.09% and lagging behind from its 52-week high price with -13.93%.
Akamai Technologies, Inc. (NASDAQ:AKAM) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it -0.42% to close at $51.65 with the total traded volume of 2.36 Million shares. The firm has institutional ownership of 95.20%, while insider ownership included 0.20%. Its price to sales ratio ended at 4.05. AKAM attains analyst recommendation of 2.30 with week performance of -4.49%.