Diana Shipping (NYSE:DSX), a company whose shares are moving quickly, is trading 4.5% lower to $9.27. The Dow Jones Industrial Average is now trading 0.4% higher to 12,997 and the S&P is trading 0.4% higher to 1,367.
Diana Shipping has overhead space with shares priced $9.27, or 6.9% below the average consensus analyst price target of $9.96. The stock should find initial support at its 200-day moving average (MA) of $9.00 and further support at its 50-day MA of $8.24.
Diana Shipping share prices have moved between a 52-week high of $12.70 and a 52-week low of $6.59 and are now trading 41% above that low price at $9.27 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 2.5%.
Diana Shipping Inc. owns and operates a fleet of dry bulk carriers. The company transports iron ore, grain and other dry cargoes along worldwide shipping routes.
