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Shipping stocks soar again as fleeing bears turn into stampeding bulls

Stampede of bulls propelling shipping stocks

Shipping stocks soared again Thursday, as a rally that was triggered by bears fleeing and manic day-trading has morphed into a stampede of bulls.

The top 5 biggest percentage gainers in premarket trade were all companies in the shipping business.

Sino-Global Shipping America Ltd.’s stock SINO, +57.83% topped the list, nearly doubling in active trade toward the highest open in 8 1/2 years, after already climbing nearly seven fold in the past week.

Diana Containerships Inc. shares DCIX, +17.81% shot up 40% ahead of the open, after...


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