The top 5 premarket gainers are all shipping company stocks
Shares of shipping companies rocketed higher in premarket trade Tuesday, continuing a trend fueled by hopes that a Trump presidency will boost commodity prices, which in turn will lift shipping volumes. The top five percentage gainers in premarket trade are all shares of shipping companies, led by Seanergy Maritime Holdings Corp.'s stock , which soared 45%. Shares of TOP Ships Inc. shot up 32%, of Globus Maritime Ltd. climbed 28%, of DryShips Inc. surged 22% and of Euroseas Ltd. jumped 21%. The Baltic Dry Index, which tracks prices for transported cargo, has surged 17% since the U.S. presidential election, and 56% over the past three months. The S&P 500 has lost 1.2% over the past three months.
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