Exco Resources (XCO) What Insider Knows; DryShips (DRYS) Takes Upward Bounce
The price of Exco Resources Inc. (NYSE:XCO) stock soared $0.31 (or +33.33%) to $1.22 on Wednesday’s trading session after one of its directors, John C. Wilder, Jr., disclosed in an SEC filing that he purchased 1,310,000 shares of the company this week (655,000 shares at $0.8603 per share, and the rest at $0.9381 per share)
10,085,631 shares of Exco Resources exchanged hands during the day, a large increase in activity vesus its average volume (3m) of 3,420,010
Exco Resources, an independent oil and natural gas company, has 282.14M Shares Outstanding, Market Capitalization (intraday) of $344.21M and XCO stock 52-week range is from $0.48 and $2.54 per share
Shares of DryShips, Inc. (Nasdaq:DRYS) climbed $0.04 (or +42.39%) to $0.134 on no news that may explain the stock’s rally during Wednesday’s market activity.
DryShips recently delivered third quarter 2015 revenue of $50.77 million and a net loss of ($820.0) million, or ($1.23) per diluted share for the period
DryShips, an international owner of drybulk carriers and offshore support vessels, has 708.16M Shares Outstanding, Market Capitalization (intraday) of $94.68M and DRYS stock one-year range is between $0.08 and $1.26 per share
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