Cisco Systems Inc. fell. 6 percent to $23.80 with 23,250,500 shares traded. Clearwire Corp. rose 4.9 percent to $3.42 with 29,710,900 shares traded. DryShips Inc. rose 4.1 percent to $2.26 with 11,472,400 shares traded.
NEW YORK-- Shares of several shipping companies rose Thursday after Eagle Bulk Shipping Inc. announced a surprise first-quarter profit. The New York- based company said Wednesday that it earned $1.4 million, or 8 cents per share, compared with a loss of $17.4 million, or $1.11 per share, in the same quarter a year ago.
Cisco Systems Inc. rose 11.9 percent to $23.73 with 119,731,100 shares traded. DryShips Inc. rose 10.6 percent to $2.07 with 18,990,600 shares traded. Facebook Inc. fell 1.4 percent to $26.24 with 22,260,700 shares traded.
With shipping prices ridiculously low, what should you do with the dry bulk shipping stocks?
Check out which companies are making headlines after the bell Wednesday: