Diana Containerships Inc: This Is Why DCIX Stock Is Flying

DCIX StockDCIX Stock Is on the Rise Again

Diana Containerships Inc (NASDAQ:DCIX) is continuing its great Thursday with a steady four-percent bump in after-hours trading following a DCIX stock surge by 88% during the day.

DCIX stock followed the success of DryShips Inc. (NASDAQ:DRYS) as DRYS stock gained 52% following a positive announcement on financing and expectations.

DRYS stock is known of course for having a more-than-200% climb in one day back in November, while DCIX stock also had a volatile spike followed by a crash, though not to the extent of DryShips.

While December 15 doesn’t have quite the same scale of growth, there’s still plenty of excitement surrounding DRYS stock and DCIX stock following their big gains.

The press release stated that DryShips had secured $200.0 million in financing, and it is expected to enter into a new agreement with TMS Bulkers Ltd. and TMS Offshore Services Ltd. The ensuing buzz around the deal and financing helped spur on the surge we witnessed on Thursday. (Source: “DryShips (DRYS) Stock: Here’s Why It’s Up Big,” CNA Finance, December 15, 2016.)

The company registered its total debt as somewhere between $135.0 million and $140.0 million, while total cash is resting between $40.0 million and $50.0 million. (Source: “DRYSHIPS ANNOUNCES COMPREHENSIVE REFINANCING, DE-LEVERAGING AND STRATEGIC REPOSITIONING,” DryShips Inc., December 15, 2016.)

But what’s most interesting for DCIX stock is whether the growth in the industry brought on by this announcement is sustainable. Investors are wary after the volatility of mid-November, when the stocks shot up and down intermittently.

The stock is also being watched as part of a potential resurgence in the shipping index following the election of Donald Trump. The impact of his policies may affect a profound shift in the industry, but again, that will bear watching.

With DCIX stock and DRYS stock seemingly tied to each other’s fortunes for the near future, it will be interesting to watch which way the share prices will shoot next.