In a filing, Genco Shipping & Trading Limited revealed its Director REGAN ARTHUR L unloaded Company’s shares for reported $32004.0 on May 13 ’24. In the deal valued at $22.86 per share,1,400 shares were sold. As a result of this transaction, REGAN ARTHUR L now holds 104,414 shares worth roughly $1.71 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Adamo Joseph sold 1,396 shares, generating $28,478 in total proceeds. Upon selling the shares at $20.40, the Chief Accounting Officer now owns 17,994 shares.
Before that, Christensen Jesper sold 12,404 shares. Genco Shipping & Trading Limited shares valued at $245,636 were divested by the Chief Commercial Officer at a price of $19.80 per share. As a result of the transaction, Christensen Jesper now holds 42,587 shares, worth roughly $0.7 million.
BTIG Research downgraded its Genco Shipping & Trading Limited [GNK] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Stifel’s analysts, who began to cover the stock in late September with a ‘”a Buy”‘ rating. Alliance Global Partners began covering GNK with “Buy” recommendation on August 03, 2022. Jefferies started covering the stock on July 21, 2022. It rated GNK as “a Buy”.
Price Performance Review of GNK
On Tuesday, Genco Shipping & Trading Limited [NYSE:GNK] saw its stock fall -0.85% to $16.36. Over the last five days, the stock has lost -3.71%. Genco Shipping & Trading Limited shares have fallen nearly -1.39% since the year began. Nevertheless, the stocks have risen 15.21% over the past one year. While a 52-week high of $23.43 was reached on 05/09/24, a 52-week low of $12.65 was recorded on 01/11/24. SMA at 50 days reached $17.64, while 200 days put it at $19.47.
Levels Of Support And Resistance For GNK Stock
The 24-hour chart illustrates a support level at 16.27, which if violated will result in even more drops to 16.17. On the upside, there is a resistance level at 16.44. A further resistance level may holdings at 16.51. The Relative Strength Index (RSI) on the 14-day chart is 30.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.91, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.00%. Stochastics %K at 4.49% indicates the stock is a buying.
How much short interest is there in Genco Shipping & Trading Limited?
A steep rise in short interest was recorded in Genco Shipping & Trading Limited stocks on 2024-09-30, dropping by -0.33 million shares to a total of 0.61 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 0.94 million shares. There was a decline of -54.81%, which implies that there is a negative sentiment for the stock.
