Sept.11--INVESTORS are being warned to watch out for further declines in Box Ships shares after they fell by 5.71 per cent last week and by 20.07 per cent in the last month. The shares are negative as compared to the S&P 500 for last week with a loss of 2.39 per cent.
Over the past 52 weeks, the company's shares plummeted 56 per cent and, as a consequence, 67.88 per cent of total institutional ownership has changed in the shares of the firm listed on the New York stock exchange during the last three months.
Institutional Investors own 8.4 per cent of the shipping company's shares, reported American Trade Journal of Springdale, Ohio.
(Source:shippingazette)