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Stock impact report

Why Shares of Diana Shipping Inc. Plunged 12% Today [The Motley Fool]

Diana Shipping inc. common stock (DSX) 
Last diana shipping inc. common stock earnings: 2/21 07:53 am Check Earnings Report
US:NYSE Investor Relations: dianashippinginc.com/investors
Company Research Source: The Motley Fool
A new share offering wasn't welcome news for investors today. Travis Hoium ( TMFFlushDraw ) Apr 19, 2017 at 3:43PM What happened  Shares of shipping company Diana Shipping Inc. ( NYSE:DSX ) fell as much as 11.5% on Wednesday after announcing a share offering. At 3:30 p.m. EDT, shares were still down 11.4% and bouncing near their low for the day.  So what After the market closed on Tuesday, management announced that it has commenced a $70 million share offering with another $10.5 million potentially offered if underwriters exercise their over-allotment. CEO Simeon Palios and other executives and officers have said they will buy about $20 million of shares in the offering.  Image source: Getty Images. The proceeds are expected to be used to fund the acquisition of new dry bulk vessels, three of which are already contracted.  Now Show less Read more
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