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Diana Shipping Inc. (DSX - Free Report) was a big mover last session, as the company saw its shares rise above 7% on the day. The upside was due to rising average carriage rates among shippers of dry bulk cargo. Also, this led to far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up over 40% in the past one-month time frame.
The company has seen no positive or negative estimate revisions in the past 30 days. But its Zacks Consensus Estimate moved lower over the same timeframe, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.
Diana Shipping currently carries a Zacks Rank #3 (Hold).
Is DSX going up? Or down? Predict to see what others think: Up or Down
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While we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services. Would you like to peek behind the curtain today and view them?
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Diana Shipping (DSX) Shows Strength: Stock Moves 7.3% Higher
Diana Shipping Inc. (DSX - Free Report) was a big mover last session, as the company saw its shares rise above 7% on the day. The upside was due to rising average carriage rates among shippers of dry bulk cargo. Also, this led to far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up over 40% in the past one-month time frame.
The company has seen no positive or negative estimate revisions in the past 30 days. But its Zacks Consensus Estimate moved lower over the same timeframe, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.
Diana Shipping currently carries a Zacks Rank #3 (Hold).
Diana Shipping inc. Price
Diana Shipping inc. Price | Diana Shipping inc. Quote
A better-ranked stock in the Transportation Shipping industry is Dorian LPG Ltd. (LPG - Free Report) , which holds a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Is DSX going up? Or down? Predict to see what others think: Up or Down
Zacks' Hidden Trades
While we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services. Would you like to peek behind the curtain today and view them?
Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors. Click here for Zacks' secret trade>>