In a filing, Genco Shipping & Trading Limited revealed its CEO, President, and Secretary WOBENSMITH JOHN C unloaded Company’s shares for reported $0.13 million on Mar 04 ’25. In the deal valued at $14.12 per share,9,533 shares were sold. As a result of this transaction, WOBENSMITH JOHN C now holds 505,831 shares worth roughly $7.02 million.
Then, Christensen Jesper sold 13,602 shares, generating $189,855 in total proceeds. Upon selling the shares at $13.96, the Chief Commercial Officer now owns 57,322 shares.
Before that, Allen Peter George sold 8,984 shares. Genco Shipping & Trading Limited shares valued at $125,396 were divested by the Chief Financial Officer at a price of $13.96 per share. As a result of the transaction, Allen Peter George now holds 45,251 shares, worth roughly $0.63 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 -0.22% to $13.87. Over the last five days, the stock has gained 0.36%. Genco Shipping & Trading Limited shares have fallen nearly -0.50% since the year began. Nevertheless, the stocks have fallen -33.45% over the past one year. While a 52-week high of $23.43 was reached on 02/20/25, a 52-week low of $13.36 was recorded on 03/11/25. SMA at 50 days reached $14.30, while 200 days put it at $17.11.
Levels Of Support And Resistance For GNK Stock
The 24-hour chart illustrates a support level at 13.72, which if violated will result in even more drops to 13.57. On the upside, there is a resistance level at 14.12. A further resistance level may holdings at 14.37. The Relative Strength Index (RSI) on the 14-day chart is 44.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.84%. Stochastics %K at 42.52% indicates the stock is a holding.
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 2025-02-28, growing by 0.21 million shares to a total of 1.19 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 0.98 million shares. There was a rise of 17.26%, which implies that there is a positive 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.
