Diana Shipping (DSX) NewsBite - DSX Rises on Analyst's Comments

Posted: Wednesday, November 18, 2009 1:52 PM EDT

Diana Shipping (NYSE: DSX) opened at $17.84. So far today, the stock has hit a low of $17.48 and a high of $18.24. DSX is now trading at $17.90, up $0.73 (4.25%). Over the last 52 weeks the stock has ranged from a low of $6.85 to a high of $19.00. DSX is rising today after receiving positive commentary from Jim Cramer on CNBC's Mad Money last night. Cramer said he is turning positive on the company due to higher drybulk shipping rates and DSX's strong cash position. Technical indicators for the stock are neutral and S&P does not currently have a STARS rating for DSX. If you are looking for a hedged play on DSX the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 15 range. [ABR-Seven Summits Strategic Investments NewsBite]

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