Eagle Bulk investors cash out

US based shipowner and operator Eagle Bulk sees investors cash out July investment and double their money. Gary Vogel-led shipowner and operator Eagle Bulk stocks plunged nearly 20%. 29 million Eagle Bulk shares issued in connection with the summer private placement were blocked from trading for a mandatory six-month period that expired today. Investors jumped at the chance to double their money and triggered downward pressure on Eagle Bulk stock.