Diana Containerships Inc: Jumps on $6 mln share buyback plan

Performance Shipping

10/01/2019 12:13

** Dry bulk shipper's shares  DCIX.O  up 50.9 pct at $1.20
premarket after share buyback plan
    ** Top pct gainer among U.S. stocks before the bell and on
pace for best day in a year
    ** Board authorizes share repurchase of up to $6 mln of its
common shares; DCIX has 14.9 mln shares outstanding  urn:newsml:reuters.com:*:nGNX7ssJp9
    ** Company has market value of $11.5 mln, per Refinitiv data
    ** Stock had lost ~80 pct of its value in 2018

 (Reporting by Amy Caren Daniel in Bengaluru)
 ((Reuters Messaging:
Amy.CarenDaniel.thomsonreuters.com@reuters.net))