Genco Shipping & Trading Limited (GNK) Stock Is Rising Now

The stock of Genco Shipping & Trading Limited (NYSE:GNK) is a huge mover today! The stock increased 3.78% or $0.4 during the last trading session, reaching $10.97. About 187,304 shares traded. Genco Shipping & Trading Limited (NYSE:GNK) has declined 33.75% since September 13, 2018 and is downtrending. It has underperformed by 33.75% the S&P500.
The move comes after 7 months positive chart setup for the $464.51M company. It was reported on Sep, 13 by Barchart.com. We have $11.85 PT which if reached, will make NYSE:GNK worth $37.16M more.

More notable recent Genco Shipping & Trading Limited (NYSE:GNK) news were published by: Globenewswire.com which released: “Genco Shipping & Trading Limited Announces Common Stock Offering – GlobeNewswire” on June 14, 2018, also Finance.Yahoo.com with their article: “Is Genco Shipping & Trading Limited’s (NYSE:GNK) Balance Sheet Strong Enough To Weather A Storm? – Yahoo Finance” published on May 08, 2019, Seekingalpha.com published: “Navios Maritime Partners: Prepare For The Cash Flow Surge – Seeking Alpha” on September 12, 2019. More interesting news about Genco Shipping & Trading Limited (NYSE:GNK) were released by: Hellenicshippingnews.com and their article: “How time charters offer window on bulk shipping sentiment – Hellenic Shipping News Worldwide” published on August 20, 2019 as well as Seekingalpha.com‘s news article titled: “New index to track shipping costs – Seeking Alpha” with publication date: September 12, 2019.

Genco Shipping & Trading Limited, together with its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide. The company has market cap of $464.51 million. The company, through the ownership and operation of dry bulk carrier vessels, transports iron ores, coal, grains, steel products, and other dry-bulk cargoes. It currently has negative earnings. The firm charters its vessels primarily to trading houses, such as commodities traders; producers; and government-owned entities.

Genco Shipping & Trading Limited (NYSE:GNK) Ratings Chart

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