The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Genco Shipping & Trading Limited shares valued at $134,606 were sold by WOBENSMITH JOHN C on Mar 04 ’25. At $14.12 per share, WOBENSMITH JOHN C sold 9,533 shares. The insider’s holdings dropped to 505,831 shares worth approximately $6.78 million following the completion of this transaction.
Also, Christensen Jesper sold 13,602 shares, netting a total of over 189,855 in proceeds. Following the sale of shares at $13.96 each, the insider now holds 57,322 shares.
Before that, Allen Peter George had sold 8,984 shares from its account. In a trade valued at $125,396, the Chief Financial Officer traded Genco Shipping & Trading Limited shares for $13.96 each. Upon closing the transaction, the insider’s holdings decreased to 8,984 shares, worth approximately $0.61 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 drop of approximately -2.83%. Over the course of the year, Genco Shipping & Trading Limited shares have dropped approximately -3.87%. Shares of the company reached a 52-week high of $14.99 on 02/20/25 and a 52-week low of $13.14 on 03/26/25. A 50-day SMA is recorded $14.22, while a 200-day SMA reached $16.81.
Support And Resistance Levels for Genco Shipping & Trading Limited (GNK)
According to the 24-hour chart, there is a support level at 13.20, which, if violated, would cause prices to drop to 12.99. In the upper region, resistance lies at 13.55. The next price resistance is at 13.69. RSI (Relative Strength Index) is 38.52 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.32, which suggests the price will decrease in the coming days. Percent R is at 82.43%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
