Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Genco Shipping & Trading Limited shares valued at $32,004 were sold by REGAN ARTHUR L on May 13 ’24. At $22.86 per share, REGAN ARTHUR L sold 1,400 shares. The insider’s holdings dropped to 104,414 shares worth approximately $1.83 million following the completion of this transaction.
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
Also, Adamo Joseph sold 1,396 shares, netting a total of over 28,478 in proceeds. Following the sale of shares at $20.40 each, the insider now holds 17,994 shares.
Before that, Christensen Jesper had sold 12,404 shares from its account. In a trade valued at $245,636, the Chief Commercial Officer traded Genco Shipping & Trading Limited shares for $19.80 each. Upon closing the transaction, the insider’s holdings decreased to 12,404 shares, worth approximately $0.75 million.
As published in a research note from Stifel on October 23, 2024, Genco Shipping & Trading Limited [GNK] has been rated down from a Buy to a Hold and the price target has been revised to $17 from $26. Analysts at BTIG Research downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early January. As of September 30, 2022, Stifel has initiated its “Buy” rating for GNK. Earlier on August 03, 2022, Alliance Global Partners initiated its rating. Their recommendation was “a Buy” for GNK stock.
Analyzing GNK Stock Performance
During the last five days, there has been a surge of approximately 4.71%. Over the course of the year, Genco Shipping & Trading Limited shares have jumped approximately 5.85%. Shares of the company reached a 52-week high of $23.43 on 05/09/24 and a 52-week low of $15.55 on 10/31/24. A 50-day SMA is recorded $17.35, while a 200-day SMA reached $19.44. Nevertheless, trading volume fell to 0.47 million shares from 0.48 million shares the previous day.
Support And Resistance Levels for Genco Shipping & Trading Limited (GNK)
According to the 24-hour chart, there is a support level at 17.36, which, if violated, would cause prices to drop to 17.17. In the upper region, resistance lies at 17.71. The next price resistance is at 17.87. RSI (Relative Strength Index) is 58.48 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.11, which suggests the price will increase in the coming days. Percent R is at 27.70%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
