Home / Business / Mix Cap Volatile Mover: Fiat Chrysler Automobiles (NYSE:FCAU), DryShips (NASDAQ:DRYS)

Mix Cap Volatile Mover: Fiat Chrysler Automobiles (NYSE:FCAU), DryShips (NASDAQ:DRYS)

Shares of Fiat Chrysler Automobiles N.V. (NYSE:FCAU) [Trend Analysis] swings enthusiastically in regular trading session, it a decrease of -1.19% to close at $7.47. In October, FCA posted another strong monthly performance in Europe (EU28+EFTA), outperforming the industry average. The Group`s October sales totaled over 75,100 units, increasing 6.6% compared with a 30 basis point reduction for the industry. Market share was 40 basis points higher at 6.6%.

For the ten months year-to-date, sales were up 14.5% (+6.9% for the industry) to 843,300 vehicles and market share was 40 basis points higher at 6.6%. For both October and the year-to-date, FCA outperformed the industry average in Italy, France and Spain. The stock is going forward its fifty-two week low with 37.06% and lagging behind from its 52-week high price with -48.34%. FCAU last month stock price volatility remained 3.63%.

DryShips, Inc. (NASDAQ:DRYS) [Trend Analysis] retains strong position in active trade, as shares scoring -90.43% to $11.00 in a active trade session, while looking at the shares volume, about 8.42 Million shares have changed hands in this session. DryShips Inc. (NASDAQ:DRYS) reported that the Firm has entered into a Securities Purchase Contract with Kalani Investments Limited, an entity organized in the British Virgin Islands and that is not associated with the Firm, for the sale of 20,000 newly designated Series E-1 Convertible Preferred Shares, preferred warrants to purchase 30,000 Series E-1 Convertible Preferred Shares, preferred warrants to purchase 50,000 newly designated Series E-2 Convertible Preferred Shares, prepaid warrants to initially purchase an aggregate of 372,874 ordinary shares (with the number of ordinary shares issuable subject to adjustment as described therein), and 100 ordinary shares. Kalani is entitled to receive 10,000 ordinary shares but is electing to receive 100 ordinary shares and the prepaid warrant will be immediately exercisable for 9,900 ordinary shares.

The gross proceeds from the sale of the securities will be about $20 million. The Firm may additional receive up to an aggregate of $80 million if all of the preferred warrants are exercised, for total proceeds of $100 million. The firm has institutional ownership of 3.60%, while insider ownership included 5.10%. DRYS attains analyst recommendation of 3.00 with week’s performance of -7.56%.

 

About Gerard Bergeron

Gerard Bergeron covers Bio-pharmacy or healthcare sector Press Releases news updates. He has extensive three year of experience in content writing as freelance writer. He performs analysis of Healthcare Companies and provides worthy information for investor community. He is an experienced writer with a precise grasp of the English language and a clear, compelling writing style.

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