This story doesn’t improve with retelling. , a Greek owner of dry bulk carriers and tankers, announced late Thursday that it will execute a reverse stock split effective April 11. Every four shares outstanding will be combined into one share of common stock. DryShips stock plunged more than 25% Friday morning, possibly because its maneuver should sound familiar. This will […]

Source: Wall Street Journal April 07, 2017 16:18 UTC