Diana Containerships Higher By 500%

Diana Containerships Inc DCIX shares are trading higher by $14.60, or 580 percent, at $15.00 in Friday's session.

The stock is in rocket-ship mode. The only relevant news out on the stock is its 1-for-7 reverse split on Thursday morning and due to its absence of liquidity, relentless bulls are feasting on the stock.

The trading action mirrors the price activity in DryShips DRYS and one of its several reverse splits.

DryShips: Clear Sailing Or Will It Sink Again?

After a sizable gain on Thursday from $2.10 to $2.50 on much higher than average volume, the DCIX showed up on high-frequency trading scanners across the globe to fuel the rally.

The stock continues to make new highs for the session, with the current one being $19.70 as of 2:11 p.m. EST.