Scorpio Bulkers shares were sliding towards a double-digit percentage loss in Monday trading in New York as investors digested a massive write-down related to the company's abandonment of the dry trade.
Scorpio shares were down 15% to $14.71 on a day when both broader market indices and dry bulk peers traded roughly flat.
Trading volume was nearly double the average of 200,000 units per day with hours left in the session on the New York Stock Exchange.
