In a filing, Genco Shipping & Trading Limited revealed its Chief Commercial Officer Christensen Jesper unloaded Company’s shares for reported $0.19 million on Feb 24 ’25. In the deal valued at $13.96 per share,13,602 shares were sold. As a result of this transaction, Christensen Jesper now holds 57,322 shares worth roughly $0.8 million.
Then, Allen Peter George sold 8,984 shares, generating $125,396 in total proceeds. Upon selling the shares at $13.96, the Chief Financial Officer now owns 45,251 shares.
Before that, Adamo Joseph sold 6,226 shares. Genco Shipping & Trading Limited shares valued at $86,902 were divested by the Chief Accounting Officer at a price of $13.96 per share. As a result of the transaction, Adamo Joseph now holds 26,829 shares, worth roughly $0.37 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 Monday, Genco Shipping & Trading Limited [NYSE:GNK] saw its stock fall -2.38% to $13.94. Over the last five days, the stock has gained 0.43%. Nevertheless, the stocks have fallen -30.16% over the past one year. While a 52-week high of $23.43 was reached on 02/20/25, a 52-week low of $13.51 was recorded on 01/08/25. SMA at 50 days reached $14.29, while 200 days put it at $17.53.
Levels Of Support And Resistance For GNK Stock
The 24-hour chart illustrates a support level at 13.70, which if violated will result in even more drops to 13.47. On the upside, there is a resistance level at 14.40. A further resistance level may holdings at 14.87. The Relative Strength Index (RSI) on the 14-day chart is 41.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.52%. Stochastics %K at 31.32% indicates the stock is a holding.
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.
