Why Castor Maritime Stock Just Dropped

What a difference a month makes!

Barely a month ago, shares of dry bulk shipping stock Castor Maritime (NASDAQ: CTRM) turned sharply higher on news that the Baltic Exchange Dry Index (BDI) was continuing to set new highs. The good news continued through the month of March, culminating in the BDI surpassing 2,300 on March 22.

But now the BDI is slumping, and Castor Maritime is slumping, too, down 8.8% as of 3:35 p.m. EDT today.

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Source Fool.com