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Is Diana Shipping Inc (DSX) a Stock to Watch After Gaining 5.50% This Week?

Wednesday, February 28, 2024 02:14 PM | InvestorsObserver Analysts

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Is Diana Shipping Inc (DSX) a Stock to Watch After Gaining 5.50% This Week?

Overall market sentiment has been high on Diana Shipping Inc (DSX) stock lately. DSX receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
Diana Shipping Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on DSX!

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With DSX Stock Today?

Diana Shipping Inc (DSX) stock has risen 0.82% while the S&P 500 is lower by -0.21% as of 2:03 PM on Wednesday, Feb 28. DSX has risen $0.03 from the previous closing price of $3.04 on volume of 1,507,840 shares. Over the past year the S&P 500 has gained 27.25% while DSX is lower by -33.26%. DSX earned $0.41 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 7.36. To see InvestorsObserver's Sentiment Score for Diana Shipping Inc click here.

More About Diana Shipping Inc

Diana Shipping Inc provides shipping transportation services. The company, through its subsidiaries, operates a fleet of vessels consisting of dry bulk carriers such as Panamax, Kamsarmax, Post-Panamax, Capesize and Newcastlemax vessels. Using this fleet, the firm provides transportation services for various goods including coal, iron ore, and grains. It also transports minor bulks, including steel products, cement, and fertilizers through its dry bulk carrier vessels. Click Here to get the full Stock Report for Diana Shipping Inc stock.

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