Why Castor Maritime Stock Popped This Morning, Then Dropped

Shares of dry bulk shipping stock Castor Maritime (NASDAQ: CTRM) rushed out of the gate this morning, running ahead more than 9% before stumbling, retreating, and giving up most of its gains.

As of 10:15 a.m. EDT, Castor Maritime is hanging onto a 3% gain -- but why did it rise in the first place?

Image source: Getty Images.

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Source Fool.com