Diana Shipping (DSX) Stock: Why It Fell Over 5% Today

By Amit Chowdhry ● Sep 26, 2022
  • The stock price of Diana Shipping (DSX) fell by over 5% pre-market today. This is why.

The stock price of Diana Shipping (DSX) fell by over 5% pre-market today. 

Why: Bearish research report

Price target: Fell from $7 to $5

Rating: Downgraded from “Buy” to “Hold”

Analyst: Jefferies analyst Omar Nokta

Nokta adjusted the rating while noting that Diana Shipping provides investors with a conservative exposure to dry bulk via its term charter approach. And while freight rates are inherently volatile, Diana’s charter profile offers smoother earnings from quarter-to-quarter while still benefiting from stronger market fundamentals.