Why Castor Maritime Stock Collapsed Today
Three days ago, dry bulk shipper Castor Maritime (NASDAQ: CTRM) dodged a bullet when declines on the Baltic Dry Index (BDI) pulled down shares of other dry bulk shipping stocks but failed to pull down Castor Maritime along with them.
Gravity will not be denied, however, and today, as the BDI continues to slump, Castor Maritime stock is going down as well, falling 11% through 11:15 a.m. EDT.
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Source Fool.com
