Shares of dry-bulk cargo shipper DryShips (NASDAQ: DRYS) are down 12% as of 3:45 p.m. EDT.
The question everyone is asking is: Why?
It’s not an earnings report that’s to blame. Although DryShips’ most recent earnings were bad, that news is already three weeks old. Nor is it Wall Street’s fault. No one has upgraded or downgraded DryShips stock in months.