Goldman (NYSE:GS) Launches Coverage on Diana Shipping (NYSE:DSX), Shares Soar

Shares of Diana Shipping (NYSE:DSX) have soared today as Goldman Sachs (NYSE:GS) announced they've initiated coverage on them with a "Buy" rating.

Volume is already up over 3 times the normal 3-month average.

Diana primarily ships dry bulk cargoes, with a large part of that being commodities like grain, coal, and iron ore.

They were trading at $13.37, gaining $0.74, or 5.86 percent as of 1:47 PM EST. Goldman placed a price target of $17 on them.