GREAT LAKES DREDGE & DOCK CORPORATION (NASDAQ:GLDD), Down By 5.81% ($0.39) From $6.710 After BUYINS.NET Report Predicted Stock
February 8, 2012 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net , a provider of unique trading technologies, released a report on Tuesday, February 7th 2012 stating that GREAT LAKES DREDGE & DOCK CORPORATION (NASDAQ:GLDD) was expected to go Down due to the Bearish conditions presented in the following report. Click here to view the BUYINS.NET report: http://www.buyins.net/releases/?sym=gldd&id=240356
At the time this story was written, GREAT LAKES DREDGE & DOCK CORPORATION (NASDAQ:GLDD) is Down By $0.39 (5.81%) since the BUYINS.NET report was released.
The movement of stock prices in the days and weeks leading to and following specific fundamental or technical events may follow a predictable pattern. Many companies stock price histories show random or unpredictable movements around certain events. But some seem to repeat the same pattern quarter after quarter, year after year. We use powerful computers to uncover those events and correlations to generate predictions with high probabilities of generating very specific returns within very specific time periods.
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GREAT LAKES DREDGE & DOCK CORPORATION (NASDAQ:GLDD) - Great Lakes Dredge & Dock Corporation engages in the business of marine construction, primarily dredging, and commercial and industrial demolition principally in the east, west, and Gulf Coasts of the United States. It operates in two segments, Dredging and Demolition. The Dredging segment involves in capital dredging projects primarily consisting of port expansion projects, land reclamations, trench digging for pipelines, channel deepening, tunnels and cables, and other dredging related to the construction of breakwaters, jetties, canals, and other marine structures; maintenance dredging that comprises the re-dredging of previously deepened waterways and harbors to remove silt, sand, and other accumulated sediments; and beach nourishment projects, which involve moving sand from the ocean floor to shoreline locations. The Demolition segment provides commercial and industrial demolition services. This segment engages in exterior demolition that comprises the dismantling and demolition of structures and foundations; and interior demolition, which involves removing specific structures within a building. It also engages in site development and the removal of asbestos and other hazardous materials. The company serves federal, state, and local governments; foreign governments; domestic and foreign private concerns, such as utilities and oil companies; general contractors; corporations that commission projects; and nonprofit institutions, such as universities and hospitals, and municipal agencies. As of December 31, 2009, Great Lakes Dredge & Dock Corporation had a fleet of 26 dredges, including 10 deployed internationally; 22 material transportation barges; 2 drillboats; and various other specialized support vessels. It was formerly known as Lydon & Drews Partnership and changed its name to Great Lakes Dredge & Dock Corporation in 1905. The company was founded in 1890 and is based in Oak Brook, Illinois.
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