Orlando, FL -- (SBWIRE) -- 10/24/2013 -- 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 Qihoo 360 Technology Co Ltd (NYSE:QIHU), DryShips Inc. (NASDAQ:DRYS).
Qihoo 360 Technology Co Ltd (NYSE:QIHU) shares dropped 1.99% and closed at $87.56 in the last trading session. QIHU’s stock on Oct. 2 has been downgraded by TheStreet Ratings from buy to hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth.
Are investors worried about the recent updates with QIHU? Find out with a free trend analysis HERE
DryShips Inc. (NASDAQ:DRYS) shares decreased 5.66% to $2.91 in the previous trading session. The company on Oct. 4 announced that it has entered into an Equity Offering Sales Agreement, dated October 4, 2013, with Evercore Group L.L.C., or Evercore, for the offer and sale of up to $200.0 million of common shares of Dryships Inc.
In accordance with the terms of the sales agreement, the Company may offer and sell its common shares at any time and from time to time through Evercore as its sales agent. Sales of the common shares, if any, will be made by means of ordinary brokers' transactions on The Nasdaq Global Select Market or otherwise at market prices prevailing at the time of sale, at prices related to the prevailing market prices, or at negotiated prices.
Is DRYS going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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