Genco Shipping & Trading Limited’s recent filing unveils that 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 $1.65 million.
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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 $0.67 million.
Stifel downgraded its Genco Shipping & Trading Limited [GNK] rating to a Hold from a a Buy in a research note published on October 23, 2024; the price target was decreased to $17 from $26. A number of analysts have revised their coverage, including BTIG Research’s analysts, who decreased its forecast for the stock in early January from “a Buy” to “a Neutral”. Stifel began covering GNK with “Buy” recommendation on September 30, 2022. Alliance Global Partners started covering the stock on August 03, 2022. It rated GNK as “a Buy”.
Price Performance Review of GNK
On Tuesday, Genco Shipping & Trading Limited [NYSE:GNK] saw its stock jump 1.02% to $15.81. Over the last five days, the stock has lost -3.36%. Genco Shipping & Trading Limited shares have fallen nearly -4.70% since the year began. Nevertheless, the stocks have risen 20.23% 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 10/28/24. SMA at 50 days reached $17.46, while 200 days put it at $19.46.
Levels Of Support And Resistance For GNK Stock
The 24-hour chart illustrates a support level at 15.67, which if violated will result in even more drops to 15.54. On the upside, there is a resistance level at 16.00. A further resistance level may holdings at 16.20. The Relative Strength Index (RSI) on the 14-day chart is 30.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.85, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.39%. Stochastics %K at 5.00% 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 2024-10-15, dropping by -0.14 million shares to a total of 0.63 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 0.77 million shares. There was a decline of -22.1%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 21, 2022 when Jefferies began covering the stock and recommended ‘”a Buy”‘ rating along with a $25 price target.
