Why Castor Maritime Stock Just Popped

Why Castor Maritime Stock Just Popped

Dry bulk shipping stock Castor Maritime (NASDAQ: CTRM) raced out of port Monday morning, notching a 12% gain as of 11:20 a.m. EST. Good news first: The Baltic Exchange Dry Index (BDI), which tracks the rates shippers like Castor Maritime can get for hauling dry bulk goods (e.g. Just one month ago, the BDI was at 1,315.