Diana Shipping Inc. was a big mover last session, as the company saw its shares rise more than 7% on the day. The move came on solid volume with far more shares changing hands than in a normal session. This reverses the recent trend of the company as the stock is now down 31% in the past one-month time frame.
This shipping industry stock witnessed two negative estimate revisions in the past 30 days. The Zacks Consensus Estimate also moved down over the same time frame, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher lasts.
Diana Shipping has a Zacks Rank #4 (Sell), while its is negative.
However, a better-ranked stock in the same space is Ship Finance International Limited , sporting a Zacks Rank #1 (Strong Buy).
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