Orlando, FL -- (SBWIRE) -- 09/27/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Cell Therapeutics Inc (NASDAQ:CTIC), DryShips Inc. (NASDAQ:DRYS).
Cell Therapeutics Inc (NASDAQ:CTIC) shares declined 6.43% to $1.60. The company on Sept. 19 reported the completion of the sale of 15,000 shares of its Series 18 preferred stock. In a registered direct offering, the company sold the shares directly to Quogue Capital LLC and an affiliate of Perceptive Advisors LLC for gross proceeds of approximately USD15m. All of the shares of Series 18 preferred stock were converted and investors received 15,000,000 shares of common stock issuable upon conversion, said the company. After deducting estimated offering expenses, the company received net proceeds from the offering of approximately USD14.8m.
Are investors worried about the recent updates with CTIC? Find out with a free trend analysis HERE
DryShips Inc. (NASDAQ:DRYS) shares decreased 1.78% to $3.86. The company on Sept. 3 announced that Ocean Rig announced that it has signed a supplemental agreement to amend certain provisions in its $1.35b Senior Secured Facility dated February 28, 2013.
Additionally, Zacks reaffirm their long-term Neutral recommendation on DryShips Inc. (DRYS) on Sept. 9. The company continues to suffer losses although its top line improved significantly in the second quarter of 2013.
Is DRYS going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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